Regulatory Alerts2018-03-15 | DOF 5516241Added
Official Letter Modifying the Authorization Granted to QBE de Mexico Compañia de Seguros, S.A. de C.V. to Operate as an Insurance Institution
The National Commission of Insurance and Sureties modifies the authorization granted to QBE de Mexico Compañia de Seguros, S.A. de C.V. to reflect changes in its bylaws, specifically by removing the reference to "Federal District" from its social domicile, eliminating the specific "Earthquake" line of business in favor of the broader "Catastrophic Risks" category, and updating the capital requirement to be expressed in Investment Units and paid in national currency. The modified authorization terms are published in full within the resolution, and the entity is required to publish these resolutions in the Official Gazette and two widely circulated newspapers within 120 days of notification.