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Great American Insurance Group gets approval to launch specialty P&C ops in Mexico

Great American Insurance Group said its Mexican membercompany, El Águila Compañía de Seguros SA de CV, received approval from thelocal insurance regulator to launch specialty property and casualty operationsin the country.

The company appointed Ydhelio Espinosa divisional presidentof the new business, which plans to start underwriting risks on July 1,according to a May 10 news release.

Great AmericanInsurance Co. is the flagship company of Great American InsuranceGroup, which has been operating in Mexico since 1994 as a specialized insurerin the automobile market. The members of Great American Insurance Group aresubsidiaries of American FinancialGroup Inc.