Insurance Post

Mexico - Premium income up 1.1% in 2005

Total premium income in Mexico increased to $64m between June 2005 and June 2004, reaching $5.87bn (+1.1%). Cessions to reinsurers fell to $241m - about 20.3% less than at June 2004 - while retained premium increased by 6.58% ($304m).Auto insurance had the largest market share at June 2005 with 26.42%, followed by group life (19.44%), individual life (18.88%) and personal accident/health (14.51%).Four insurers accounted for over 50% of the market in terms of premium income at June 2005:1. GN