A global position with a focus in Latin America, our traditional market. Our Premiums
Our underwriting policies are strong. Our Net Profit
Growing international premiums thanks to our Syndicate at Lloyd’s
Our capital, our reserves, our strength
In this section we introduce the legal framework inherent to our businesses and as a public company. We must adhere to Mexican regulation concerning insurance companies for our subsidiaries and the stock exchange law for our public holding company.
Insurance and Bonding Institutions Law 11/06/2018
Securities Exchange Law 11/05/2018
Law for the Protection and Defense of Financial Services Users 11/05/2018
Code of Commerce 11/05/2018
Federal Civil Code 11/05/2018
Federal Law for the Protection of Personal Information Held by Third Parties 11/04/2018
General Law Governing Business Corporations 11/04/2018
Grupo Peña Verde, SAB has its headquarters in Mexico City, and as such, is governed by Mexican Law.
The Group is listed on the Mexican Stock Exchange as a company dedicated to insurance and reinsurance business. The Securities Market Law covers transparency, investor information privacy rules and it also sets the standards for corporate governance; our annual report demonstrates how we have complied with the law. Historically, in Mexico, the federal government has exercised strong oversight of corporate governance, through the local regulator, the National Insurance and Surety Commission.
The Board of Directors believes that the Company has complied with the most relevant rules stipulated under the law, during the tax year. To that end, our rules and principles regarding corporate governance allow us to provide sound management of, and control over, the group’s operations.
This section displays all the relevant information concerning the Group’s corporate governance.
Board of Directors
María Beatriz Escobedo Conover
Chairman of the Board, Peña Verde, S.A.B. since July 9th, 2012
Partner, Noriega y Escobedo, A.C.
Carlos Antonio Luttmann Fox
Director since July 9th, 2018
Antonio Souza Saldivar
Director since July 9th, 2012 and member of the Audit Committee and Company Affairs.
Director, Energy and Project Financing Area of Evercore/Protego
José Manuel Rincón Gallardo Purón
Director since July 9th, 2012 and Member of the Audit Committee and Company Affairs. Passed away as of July 2019.
Managing Partner, KPMG Member of the Firm’s International Board,
Lorenzo Lazo Margain
Director since July 9th, 2012 and President of the Audit Committee and Company Affairs.
Alemán Velasco y Asociados, Managing Partner
Pedro Miguel Escobedo Conover
Director since April 28th, 2017
AXACELL, S de RL de CV, Project Management and Comercializadora de Origen Natural, S de RL de CV, Managing Director
Ricardo Enrique Luttmann Fox
Director since July 9th, 2012
Managing Director, Grupo Agroindustrial Caferel, S. A. de C. V.
Clive Alexander Bayne Reid
Director since April, 2019
Managing Director of PLP People Leading People
Patricio Treviño Westendarp
Director since July 9th, 2012
Corfinter, S.A. de C.V., CDMX - Managing Director
Álvaro Mancera Corcuera
Director since April 30th, 2014
Founding Partner and Managing Director, Más Fondos S.A. de C.V.