Mexico News

Explosion, Fire at Mexico Pemex Gas Facility Kills 26

An explosion and fire killed at least 26 people at a Pemex natural gas facility in northern Mexico near the U.S. border on Tuesday, one of the deadliest accidents in the oil and gas industry in recent years. Television footage …

Tropical Storm Helene Weakens as it Passes over Mexico’s East Coast

Tropical Storm Helene made landfall off the Gulf of Mexico on Saturday and weakened into a tropical depression as it plowed up Mexico’s east coast, the U.S. National Hurricane Center said. The depression was about 65 miles (105 km) west-northwest …

Weakened Hurricane Ernesto Causes Minimal Damage

Hurricane Ernesto weakened to a tropical storm as it passed over Mexico’s Yucatan Peninsula. According to catastrophe modeling firm AIR Worldwide, Ernesto made landfall overnight as a Category 1 hurricane near the coastal community of Mahahual.” AIR said that, “although …

UPDATE: Cat I Hurricane Ernesto Nears Mexico, Belize

According to the latest report from the National Hurricane Center in Miami, the center of category 1 Hurricane Ernesto was about 20 miles, 35 km, north of Chetumal, Mexico and about 160 miles, 260 km, east south east of Campeche, …

TS Ernesto Strengthens; Expected to Impact Belize, Mexico; AIR Analysis

Tropical Storm Ernesto is gaining strength as it moves west-northwest at around 13 mph, 20 km/h, according to the latest bulletin – 5:00 a.m. EDT – from the National Hurricane Center in Miami. As it moves along the forecast track …

HSBC Sets Aside $2 Billion for U.S. Investigation, Mis-selling

HSBC’s chief executive apologized on Monday for shameful and embarrassing mistakes made on anti-money laundering controls as the bank set aside $2 billion to cover the cost of U.S. investigations and compensate UK customers for mis-selling. Europe’s biggest bank reported …

AIA Endorses Invitation to Mexico to Join Trans-Pacific Partnership

David F. Snyder, vice president and associate general counsel at the American Insurance Association, has issued a statement endorsing Mexico’s invitation to join the Trans-Pacific Partnership (TPP). The proposed agreement will seek to promote and enhance trade and economic growth …

Gomez to Head Lockton Mexico P&C, Surety Operations

Lockton announced that Ana Luisa Gomez has joined the company as Managing Director and CEO of Lockton Mexico Agente de Seguros y Fianzas, for all property and casualty and surety business lines. Gomez has 20 years of experience in the …

XL Group Names Lanzagorta Client & Distribution Leader for Mexico

XL Group plc announced the appointment of Joan Lanzagorta as Client & Distribution Leader for its operation in Mexico, effective as of mid-April. He has broad experience in the Insurance industry. Prior to joining XL Group he spent 3 years …

AIR Assessing Damage Picture from Mexico’s Earthquake

Catastrophe modeling firm AIR Worldwide has issued a bulletin analyzing the magnitude 7.4 earthquake that struck southwestern Mexico yesterday. Dr. Tao Lai, Principal Engineer at AIR Worldwide, explained that the “tectonic setting of western Oaxaca is shaped by the subduction …