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AM Best Affirms Credit Ratings of Atradius Seguros de Crédito, S A - Press Release
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AM Best Revises Outlooks to Stable for Pacífico Compañía de Seguros y Reaseguros S.A.
December 11, 2020 GMT
MEXICO CITY (BUSINESS WIRE) Dec 11, 2020
AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Pacífico Compañía de Seguros y Reaseguros S.A. (PCS) (Lima, Perú).
The ratings reflect PCS’ balance sheet strength, which AM Best categorizes as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).
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AM Best has affirmed the Financial Strength Rating of A (Excellent), the Long-Term Issuer Credit Rating (Long-Term ICR) of a+ and the Mexico National Scale Rating of aaa.MX of Atradius Seguros de Crédito, S.A.
(Atradius Mexico) (Mexico City, Mexico). The outlook of these Credit Ratings (ratings) is stable.
Atradius Mexico is a member of the Atradius group, which on a consolidated basis has a balance sheet strength, which AM Best categorizes as very strong, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management (ERM).
The ratings also reflect Atradius Mexico s strategic importance to the overall Atradius group, given its leading position within the credit insurance segment in Mexico, its importance as a gateway to Latin America s insurance markets, good financial flexibility derived from its strong capitalization, supportive reinsurance provided by the group and its seasoned management team. These positive rat
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AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of a of EMC Reinsurance Company (EMC Re).
Concurrently, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of a+ of Employers Mutual Casualty Company (EMCC) and its five property/casualty (P/C) subsidiaries (collectively referred to as EMC Insurance Companies), which operate under an intercompany pooling agreement led by EMCC. Furthermore, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of a- of EMC National Life Company (EMCNL). The outlook of these Credit Ratings (ratings) is stable. All of the EMC entities are domiciled in Des Moines, IA, except for Dakota Fire Insurance Company, which is domiciled in Bismarck, ND. (See below for a detailed listing of the companies.)
AM Best Revises Outlooks to Stable for Pacífico Compañía de Seguros y Reaseguros S A - Press Release
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