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Article: A.M. Best Affirms Ratings of Afianzadora Insurgentes, S.A. de C.V. and Afianzadora Aserta, S.A. de C.V.
- Article from:
- Investment Weekly News
- Article date:
- November 7, 2009
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A.M. Best Co. has affirmed the financial strength ratings of A- (Excellent) and issuer credit ratings of "a-" of Afianzadora Insurgentes, S.A. de C.V. (AISA) and Afianzadora Aserta, S.A. de C.V. (Aserta). The outlook for all ratings is stable.
These rating actions reflect AISA and Aserta's solid risk-adjusted capitalization and significant market share of the Mexican surety insurance segment. The ratings also recognize the companies' affiliation as members of the only Mexican surety financial group, Grupo Financiero Aserta, S.A. de C.V. (Grupo Financiero Aserta). All companies are domiciled in Mexico.
AISA is one of the leading surety insurers in Mexico, ...