Regulatory Alerts2023-05-31 | DOF 5690594Added · Updated
Official Letter Modifying the Authorization Granted to XL Seguros Mexico, S.A. de C.V., a Subsidiary of XL Insurance Switzerland
The Ministry of Finance and Public Credit modifies the authorization granted to XL Seguros Mexico, S.A. de C.V. to organize and operate as an insurance institution subsidiary of XL Insurance Switzerland. The modification updates the company's corporate name from XL Insurance Mexico to XL Seguros Mexico and establishes a fixed minimum capital of $42,464,240.00 MXN without withdrawal rights, while maintaining the authorized insurance lines of property damage, civil liability, professional risks, marine and transport, fire, diverse, and earthquake and other catastrophic risks. The resolution is published at the expense of the insured entity in accordance with Article 33-C of the General Law of Insurance and Mutual Insurance Companies.