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April 25, 2015 9:43 PM ET

Insurance

Company Overview of Seguros Inbursa, S.A. Grupo Financiero Inbursa

Company Overview

Seguros Inbursa, S.A. Grupo Financiero Inbursa offers casualty, life, and home insurance. Seguros Inbursa,S.A., Grupo Financiero Inbursa was founded in 1957 and is based in Peña Pobre, Mexico. Seguros Inbursa, S.A. Grupo Financiero Inbursa operates as a subsidiary of Grupo Financiero Inbursa SAB de CV.

Av. Insurgentes Sur No. 3500

Peña Pobre, DF 14060

Mexico

Founded in 1957

Phone:

52 5 225 0505

Fax:

52 5 238 0630

Key Executives for Seguros Inbursa, S.A. Grupo Financiero Inbursa

Seguros Inbursa, S.A. Grupo Financiero Inbursa does not have any Key Executives recorded.

Seguros Inbursa, S.A. Grupo Financiero Inbursa Key Developments

Seguros Inbursa Reports Earnings Results for the Second Quarter of 2014

Seguros Inbursa reported earnings results for the second quarter of 2014. The company saw net income grow to MXN 261 million compared to a loss of MXN 121 million in the year-ago quarter.

Inbursa Presents at Citigroup 22nd Annual Latin America Conference New York, Mar-13-2014

Inbursa Presents at Citigroup 22nd Annual Latin America Conference New York, Mar-13-2014 . Venue: The New York Palace, 455 Madison Avenue @ 51st Street, New York, NY 10022, United States.

Seguros Inbursa Wins USD 108 Million Pemex Oil Platform Contract

Seguros Inbursa won a USD 108 million policy contract with Pemex to provide cover against damage to 42 oil platforms operated by its exploration and production subsidiary PEP until February 2016. Though Atlas Insurance expressed interest in the contract, Inbursa was the sole bidder and won the contract with an offer of USD 108 million, despite Pemex's budget of USD 141 million. When the companies met, Inbursa's representatives questioned Pemex's need for the policy given that vessel insurance provides cover for losses arising from damage to oil platforms. Pemex announced that the budget allocated to insure its vessels was insufficient and it would be illegal to increase it by more than 20%, hence the need for another contract. The contract is three times as large as the previous one, though it only covers oil platforms and not ships. The combined value of the 42 platforms amounts to USD 6.6 billion, including the 10,430t Primus and Laurus platforms which have the highest replacement costs, valued at USD 265 million each.

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To contact Seguros Inbursa, S.A. Grupo Financiero Inbursa, please visit www.segurosinbursa.com.mx. Company data is provided by Capital IQ. Please use this form to report any data issues.

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