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A M Best Company (via Public) / AM Best Affirms Credit Ratings of Redbridge Insurance Company Limited
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A M Best Company (via Public) / AM Best Upgrades Credit Ratings of Instituto Nacional de Seguros
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MEXICO CITY - MAY 07, 2021 03:18 PM (EDT)
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb of Reunion Re Compañia de Reaseguros S.A. (Reunion Re) (Argentina). The outlooks of these Credit Ratings (ratings) have been revised to negative from stable.
The ratings reflect Reunion Re s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
The revision of the outlooks to negative from stable reflects pressure on Reunion Re s balance sheet driven by a more challenging macroeconomic environment in Argentina and volatility in reinsurance recoverables.
Posted on 18237
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).
The revision of the outlooks to stable reflects the turbulent economic environment in Perú created by the COVID-19 pandemic that places challenges ahead for business generation and COVID-19-related claims.
Press release content from Business Wire. The AP news staff was not involved in its creation.
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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