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Article: A.M. Best Affirms and Assigns Ratings to ASSA Compania de Seguros, S.A.
- Article from:
- Business Wire
- Article date:
- November 7, 2007
CopyrightCOPYRIGHT 2007 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) and assigned an issuer credit rating of "a" to ASSA Compania de Seguros, S.A. (Panama City, Panama). The outlook for both ratings is stable.
The ratings reflect ASSA Compania de Seguros, S.A.'s solid capitalization, historically favorable operating profitability and well established presence in the Panama market. The company's favorable underwriting results and conservative investment portfolio have resulted in consistent profitable operating earnings and additions to surplus. The ratings also reflect the company's long-standing market presence and brand recognition.
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