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

Main Activities: Direct Title Insurance Carriers
Full name: CESCE Mexico, S.A. de C.V. Profile Updated: June 28, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Spanish Download a sample report

CESCEMEX was created in 2000 under the name Seguros Bancomext. Since September 2006 it became part of Grupo CESCE. CESCE is a Spanish company, founded in 1971, which started participating in Latinamerican market by creating the Consorcio Internacional de Aseguradores de Credito (International Trade Credit Insurance Consortium), to develop Trade Credit Risk Insurance in American Markets. On September 27th, 2006, this consortium issued a capital increase in Seguros Bancomext becoming the majority shareholder with 51% of the capital share; the other 49% is still in the hands of Bancomext.

Headquarters
Andres Bello Num. 45, Piso 27,Polanco Chapultepec
Mexico City - Miguel Hidalgo; Federal District of Mexico City; Postal Code: 11560

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Basic Information
Outstanding Shares:
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Incorporation Date:
January 25, 2000
Key Executives
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Member of Board of Directors
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Member of Board of Directors
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Member of Board of Directors
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Member of Board of Directors
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Member of Board of Directors
Ownership Details
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51%
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49%
Company Performance
Financial values in the chart are available after CESCE 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
-4.9%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
-73.83%
Total assets
3.71%
Investments
10.47%
Receivables
8.49%
Total equity
6.67%
Net Premiums Earned Trend
15.33%
Net Profit Trend
N/A
Return on Equity (ROE)
-6.04%
Underwriting Expenses Ratio
82.57%

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