MEXICO WEEK 2020
Mexico’s risk transfer strategy:
public sector insurance programmes

Wednesday 11th  March 2020

As part of the MexCC Mexico Week.

Venue: The Old Library, Lloyd's One Lime Street London EC3M 7HA​

4:00 - 5:00pm
In this joint lecture with the IIL’s London Market Committee, the Mexican Chamber of Commerce, Lloyd’s and the Insurance Development Forum, Carlos Noriega will talk about Mexico’s public sector risk management strategy and framework, focusing on risk transfer mechanisms including the use of financial instruments such as CAT Bonds and more specifically insurance programmes. This will be followed by a description of current public tender processes for these insurance programmes, followed by an overview of the main pre-programmes that typically require facultative reinsurance, including the insurance programme for the Natural Catastrophe Fund (FONDEN).

The Mexican government has a risk transfer strategy, which includes the purchase of insurance programmes for key federal entities – education, health, social housing, transport infrastructure – as well as its natural catastrophe Fund (FONDEN).

Most of these programmes insured with local insurance companies, following a public tender process, which then in turn require facultative reinsurance from international markets including Lloyd’s.

Mexico’s Ministry of Finance plays a key role by
  • a) approving budgets for insurance premium;
  • b) directly managing the risk transfer for some key programmes (FONDEN in particular),
  • c) working with state agencies, academia and cat modellers to obtain robust risk information;
  • d) advising other government entities on best practice.

By the end of this event members would have gained insight into:
  • Mexico's public sector strategy and processes for purchasing insurance
  • How facultative reinsurance then flows to the international markets, including Lloyd's
  • High level details of some of the main insurance programmes that typically come to London as FAC RI, and the public tender process for these
  • Details of how the FONDEN purchases insurance, the risk information made available by the Mexican Government, the operating rules of the FONDEN, and the link/difference between the FONDEN (federal) and the parallel insurance purchases at state level (the so called 'state' FONDENS)
Carlos Noriega Bio:
SPONSORED BY:
Registration & SecurityIIL lectures are open to CII and PFS members
CII and PFS members must register online by 2pm one working day before the lecture
For lectures held in The Old Library, Lloyd's pass holders may also attend and do not need to register
All attendees (at any venue) must produce photo ID - either a Lloyd's pass, driving licence with photo or valid passport
Conditions:
  • Email confirmations and photo ID must be produced to security staff at the lecture venue
  • Attendance confirmations are non-transferable to any other person or lecture
  • All venues have limited capacity and registration and/or a Lloyd's pass does not guarantee admission
Please let us know what we can do to make our events fully accessible to you.
Contact:
Please contact Patricia Pedraza (020 7397 3911) with any queries regarding the CPD events programme.
Reservations via Call Center:  01(55)51334000
Valid for flights CDMX - London from 4 to 18 March 2020
​subject to availability.
Please contact: [email protected]
MexCC recommends:
​CQ Hotels  and The Stratford Hotel 
If your company is interested in sponsoring or participating, please contact us via email: [email protected] or with Milene Hayaux du Tilly: [email protected]
​
Ticket Prices:
MexCC Members
Prices and ticket purchase coming soon
Non Members
Prices will soon be available
Ticket purchase via Ticket Pass - You can also pay via bank transfer for details contact via email to [email protected]
NOTE that ALL applications will be checked by the membership department.
Cancellation is not accepted. ​If you are unable to attend, please let us know who will attend in your representation. - No Refunds.
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