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Article: A.M. Best Affirms Ratings of ASSA Compania de Seguros, S.A.
- Article from:
- Health & Beauty Close-Up
- Article date:
- February 23, 2009
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A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit rating of "a" of ASSA Compania de Seguros, S.A. (ASSA) (Panama City, Panama).
The outlook for both ratings is stable.
The ratings reflect ASSA'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.
Inc. in 1982, ASSA is a market ...