trending Market Intelligence /marketintelligence/en/news-insights/trending/2rCNVLUtCm56EMgDa00ZHA2 content esgSubNav
In This List

Fitch withdraws rating of Venezuela's Provincial de Reaseguros

Blog

Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Blog

The Worlds Largest Life Insurers, 2023

Blog

The World's Largest P&C Insurers, 2023

Blog

Essential IR Insights Newsletter Fall - 2023


Fitch withdraws rating of Venezuela's Provincial de Reaseguros

Fitch Ratings on Dec. 22 withdrew Provincial de Reaseguros C.A.'s insurer financial strength rating of C, citing commercial reasons.

The rating agency lowered the reinsurer's rating in November following the downgrade of Venezuela's sovereign rating. At the time, Fitch said that Pro Re's financial performance was greatly influenced by its operating environment and vulnerable to Venezuela's political uncertainty.