During 2020 we took important steps towards strengthening our corporate governance, making changes to the chain of command and, above all, substantially increasing the independence of our Board, as we approved that this governing body, the most important after the Shareholders' Meeting, should be composed exclusively of independent Directors.

In addition to our strides for best practices, we have reinforced our commitment to sustainability through our adherence to the United Nations Global Compact, with the aim of supporting in the achievement of the Sustainable Development Goals pursued by this organization.

Likewise, it is relevant to underscore that our financial soundness and strong operating performance was acknowledged by the agencies AM Best and Fitch Ratings with the reaffirmation of our credit ratings (and updated outlook), both for the Group and its subsidiaries. It also stands out that Reaseguradora Patria was awarded with "Most Responsible Reinsurer Mexico 2020" distinctive by Capital Finance International.

All of the above, without neglecting the health of our associates (whom represent our most valuable asset), as in April we announced and comprehensively deployed the required health protocols to continue with business as usual while coping with challenges related to COVID-19.

  • January 15th, 2020

    We announced the incoporation to our managment team of Mr. Andrés Millán Drews, who has more than 25 years of experience in the financial sector, as Vice President of Asset Management and Financial Strategy, effective November 01, 2019

  • January 15th, 2020

    We informed that, with effects on February 3, 2020 and after more than 4 years as CEO of Servicios Administrativos Peña Verde Administrative Services, María Cristina Rohde Faraudo, decided to step down from the Company

  • April 15th, 2020

    We announced the protocols implemented to suit our operation to the needs of the sanitary emergency following the outbreak of COVID-19, with the clear goal of ensuring optimum hygiene conditions in each of our premises, and thus safeguard the well-being and health of the entire work team

  • On May 1st, 2020

    We informed on the rating granted by Fitch Ratings to Peña Verde, S.A.B. and our subsidiary Reaseguradora Patria, which were downgraded from BBB to BBB- and A- to BBB+, respectively. The decision was grounded on the effects of the COVID-19 pandemic and Mexico's lower sovereign rating

  • On October 2nd, 2020

    Capital Finance International, a well-known print and digital magazine specializing in economics, business and finance based in London, United Kingdom, awarded Reaseguradora Patria the recognition of "Most Responsible Reinsurer Mexico 2020", for the profound expertise, trustworthiness and integrity that features our subsidiary when managing commercial risks, as well as for its sense of responsibility, the cornerstone of its corporate culture

  • On November 6th, 2020

    We reported that AM Best reaffirmed the credit ratings of Peña Verde S.A.B., Reaseguradora Patria, S.A., General de Seguros, S.A.B. and General de Salud, Compañía de Seguros S.A. This ratification attests our strong balance sheets, efficient operating performance, neutral business profiles and appropriate risk management.

  • On November 12th, 2020

    We announced the run-off of Patria Corporate Member on the Lloyd's Reinsurance Market in the United Kingdom

  • On November 18th, 2020

    We communicated our adherence to the United Nations Global Compact - Mexico 2020 network, which encourages private and public sectors and civil society in general to align their strategies and operations with Ten Universally Accepted Principles in four important areas: Human Rights, Labor Standards, Environment and Anti-Corruption, as well as to contribute to the consecution of Sustainable Development Goals (SDGs). To inform on our advances in this area, we will issue a Progress Report addressed to stakeholders and said Organization

  • On December 18th, 2020

    We reported changes approved by our shareholders aimed towards bolstering corporate governance. Therefore, the Boards of Peña Verde and Subsidiaries will be comprised solely of Independent Directors, establishing as guidelines for their appointment the expertise, aptitudes and professional prestige

  • On April 30th, 2021

    We informed on changes in our corporate structure. In this sense, the Board of Reaseguradora Patria ratified that, as of April 1 of this 2021, Mr. Francisco Martínez Cillero assumes the position of Chief Executive Officer of Reaseguradora Patria