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CESCE Fianzas Mexico, S.A. de C.V. (Mexico)

Main Activities: Direct Title Insurance Carriers
Full name: CESCE Fianzas Mexico, S.A. de C.V. Profile Updated: May 20, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Spanish Download a sample report

Cesce Fianzas Mexico, S.A. de C.V. is a company located in Mexico City. It was incorporated according to the authorization granted by the Secretaria de Hacienda y Crédito Público and in accordance with the provisions of the Ley Federal de Instituciones de Fianzas. Cesce belongs to the Cesce Group, a Spanish entity specialized in Credit Insurance and Surety Bonds. The Group has been operating since 1971 and has a strong presence in Latin America, with international operations in over 10 countries. Cesce began its participation in the Latin American market by creating the International Consortium of Credit Insurers, with the aim of developing Surety Bonds and Credit Insurance worldwide. The International Consortium is participated by Cesce, BBVA, Santander, and the German reinsurer Munich Re. Over the years, the Group has maintained its prestige and a reputation for seriousness, earning the trust of clients and reinsurers. Cesce is also actively present in all international forums of the sector, such as ICISA, Unión de Berna, PASA, and ALASECE.

Headquarters
Avenida Andres Bello 45-27 Torre Presidente, Col. Polanco Chapultepec
Mexico City; Federal District of Mexico City; Postal Code: 11560

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Website: http://www.cescemex.com.mx

Basic Information
Outstanding Shares:
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Incorporation Date:
Key Executives
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Director
Ownership Details
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51.78%
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19.5%
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14.36%
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14.36%
Company Performance
Financial values in the chart are available after CESCE Fianzas Mexico, S.A. de C.V. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency MXN. Absolute financial data is included in the purchased report.
Net insurance premium revenue
32.88%
Operating profit (EBIT)
-68.85%
Net Profit (Loss) for the Period
-55.85%
Total assets
1.3%
Investments
-2.91%
Receivables
8.52%
Total equity
-0.46%
Net Premiums Earned Trend
15.41%
Net Profit Trend
N/A
Return on Equity (ROE)
-1.09%
Underwriting Expenses Ratio
18.96%

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