Regulatory Alerts2018-12-17 | DOF 5546654Added
Official Letter modifying the authorization granted to Sompo Seguros Mexico, S.A. de C.V., to organize and operate as an insurance institution
The National Commission of Insurance and Sureties modifies the authorization granted to Sompo Seguros Mexico, S.A. de C.V., to reflect the renaming of its foreign financial institution shareholder from Sompo Japan Insurance Company of America to Sompo America Insurance Company. This amendment updates the authorization bases to designate Sompo Seguros Mexico as a subsidiary of Sompo America Insurance Company of New York, United States of America. The resolution also publishes the full text of the modified authorization, which permits the operation of property and casualty insurance lines including civil liability, professional risks, marine and transport, fire, automobile, and catastrophic risks. The resolutions must be published in the Official Gazette of the Federation and two widely circulated newspapers within 120 days of notification.