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Article: A.M. Best Affirms Ratings of Aseguradora Mundial, S.A.
- Article from:
- Health & Beauty Close-Up
- Article date:
- January 28, 2009
CopyrightCOPYRIGHT 2009 Close-Up Media, Inc. 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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A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of "a-" of Aseguradora Mundial, S.A. (Panama, Republic of Panama).
The outlook for both ratings is stable.
The rating and outlook of Aseguradora Mundial, S.A. reflect its solid capitalization, strong operating performance achieved through generally profitable underwriting performance, and its local market expertise. Offsetting these positive rating factors are the inherent risks associated with the company's geographic concentration, the competitive market environment in which the company operates, as well as considerable dividends, which have limited ...