Glacier Reinsurance has received a licence to write reinsurance business in Mexico.
The licence, which was granted on 29th March, covers all areas of non-life reinsurance.
Glacier Re plans to write business in Mexico that will mirror its major lines of business worldwide: property, aviation, marine, energy and war & terrorism.
The company said it aims to grow a customer base of major Mexican insurance companies and corporates and anticipates that it will write approximately $10m of business in the country per annum.
Robbie Klaus, chief executive and chief underwriting officer of Glacier Re, said: "This is an important step in our ability to offer global reinsurance solutions.”
