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Article: A.M. Best Affirms Rating of ASSA Compania de Seguros S.A.
- Article from:
- Business Wire
- Article date:
- August 16, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of ASSA Compania de Seguros S.A. (Panama City, Panama). The rating outlook is stable.
This rating is based on ASSA's solid capitalization, historically favorable operating profitability and its well-established market presence as one of the top life and non-life insurance providers in the Panamanian marketplace. Offsetting these positive rating factors are the company's geographic concentration in Panama and the competitive pressures on its core life lines of business, which will challenge earnings going forward.
These positive rating attributes are derived from ...