Reform has now opened the full spectrum of Pemex contract structures, with licences at the top end, followed by production-sharing and profit-sharing schemes

The liberalisation of the electricity sector will create demand for insurance but will face challenges from the country's complex legal system

In Latin American jurisdictions, significant problems can arise in insurance and reinsurance disputes if adequate and appropriate claims-handling procedures are not adopted and followed. This is as a result of a number of factors, including vague statutory provisions, lack of generally applicable case law, litigation practices that greatly differ to those in common law jurisdictions and statutory presumptions insurance losses are covered.