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CIS’ overall strength is underpinned by its risk-adjusted capitalization at the strongest level, as measured by Best’ s Capital Adequacy Ratio, historically positive technical and bottom-line results, its leading position in Panama’ s insurance market, a strong reinsurance program, a seasoned management team, solid risk-management practices and increased...
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B, the Long-Term Issuer Credit Rating of“ bb” and the Mexico National Scale Rating of“ a.MX” of Armour Secure Insurance S.A. de C.V.. Armour’ s business profile is limited due to its concentration in the niche market of title insurance in Mexico, coupled with...
AM Best has affirmed the Financial Strength Rating of A-, the Long-Term Issuer Credit Rating of“ a-” and the Mexico National Scale Rating of“ aaa.MX” of Sofimex, Institucion de Garantias S.A.. Sofimex is a Mexico- domiciled surety and bond company that was established in 1940. As of December 2020, Sofimex’ s business portfolio was composed of administrative sureties,...
AM Best has affirmed the Financial Strength Rating of A, the Long-Term Issuer Credit Rating of“ a+” and the Mexico National Scale Rating of“ aaa.MX” of MAPFRE Fianzas, S.A.. MF’ s ratings reflect its strategic importance to and alignment with MAPFRE Internacional S.A., as well as the synergies and operating efficiencies derived from being a group member of MAPFRE S.A.,...
MM’ s ratings also reflect its strategic importance to and alignment with MAPFRE Internacional S.A., as well as the synergies and operating efficiencies derived from being a group member of MAPFRE S.A., the leading insurer in Spain. MM operates as a composite insurer of life and non-life business and ranks among the top 10 largest insurers in Mexico, based on...