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Mexico: Major surety players set to benefit from large infrastructure plan

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A report by Moody's Investors Service Inc. says that major surety players in Mexico are set to greatly benefit from the government's 7.7 trillion Mexican peso ($595.21 billion) national infrastructure plan, reports BNamericas.

Around 70% of surety premiums in Mexico are related to government contracts; such premiums are categorized as 'administrative.'

The Aserta Group was the leader in 2013, posting MXN 1.53 billion ($118.3 million) in administrative premiums and having a 27.6% market share, followed by ACE Fianzas Monterrey S.A., with a 27.4% share.

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