To celebrate the countdown to Christmas, the Corporate Insurance team will be publishing a prediction for 2015 each day.
The opening up of the Mexican oil & gas and electricity markets will increase demand for insurance coverage for assets, income and compulsory liabilities.
On 12 December 2013, the Mexican Congress approved amendments to articles 25, 27 and 28 of the Constitution, which were subsequently approved by a majority of Mexico's state legislatures and signed into law by the President of Mexico, Enrique Peña Nieto.
Following the reform, Pemex, Mexican state-owned petroleum company, no longer has the exclusive authority to carry out Exploration & Production (E&P) activities in Mexico. The electric sector has also seen regulatory changes giving rise to similar opportunities.
These energy reforms brings a potential...