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International

Mexican insurance sector's growth expected to reach 5-7% in 2014: Fitch

October 23, 2014 Reprints

Fitch Ratings Ltd. has predicted that the Mexican insurance sector’s premiums will grow around 5% to 7% this year, a bit slower than in 2013, Elfinanciero.com.mx reported.

The lower growth was attributed to structural reform plans. The sector's growth is likely to reach double digits in 2015, the ratings agency said. Eduardo Recinos, a senior director at Fitch, said Mexico's economic recovery would have a positive effect on the sector.

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Mexican insurance sector's growth expected to reach 5-7% in 2014: Fitch

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