CBL
19/02/2016 14:04
GENERAL
NOT PRICE SENSITIVE
REL: 1404 HRS CBL Corporation Limited
GENERAL: CBL: CBL announces new licences in Mexico
CBL announced today that its investment in Mexican Bonding & Surety Insurer
Afianzadora Fiducia has qualified Fiducia for three new higher level credit
licences that were issued by the Mexico Department of Insurance, allowing
them to offer a wider array of products.
Fiducia also announced its new branding name "CBL Fiducia" to reinforce the
relationship with CBL and the combined international and local benefits being
brought to the market by the investment. This announcement was made at a
function held last week in Mexico City attended by government agencies, CBL
executives, Insurance brokers and NZ foreign affairs and trade executives.
Media interest in the function and its announcements were heightened by the
recent signing of the TPP agreement in Auckland by the Mexican Minster of
Trade.
It was also confirmed this week by Seguros GMX that it's exclusive mandate
with the Mexican government reinsurer and CBL has been renewed for a further
2 years. CBL and Seguros GMX have been writing this Vicios Occultos "Builders
Warranty" program for over 10 years.
ENDS
End CA:00277993 For:CBL Type:GENERAL Time:2016-02-19 14:04:03
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