Regulatory Alerts2019-07-01 | DOF 5564540Added
Official Letter Modifying the Authorization Granted to HDI Global Seguros, S.A. (formerly HDI-Gerling de México Seguros, S.A.) to Operate as an Insurance Institution
The National Insurance and Surety Commission modifies the authorization for HDI Global Seguros, S.A. to reflect changes in its corporate statutes, including a name change from HDI-Gerling de México Seguros, S.A., a change in its foreign parent company to HDI Global Insurance Company, and an update of its registered domicile to Mexico City. The resolution also mandates the removal of the specific "Earthquake" reference from its authorized lines of business, as such risks are covered under Catastrophic Risks, and requires that social capital be expressed in Investment Units and paid in national currency. These modifications are effective upon publication in the Official Gazette of the Federation and two widely circulated newspapers within 120 days of notification.