trending Market Intelligence /marketintelligence/en/news-insights/trending/5bpr6p7mrxr_6az6zk8jlq2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Fitch downgrades Fianzas Asecam's national rating to BBB-(mex)

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report


Fintech Funding Flows To Insurtech In February

Fitch downgrades Fianzas Asecam's national rating to BBB-(mex)

Fitch Ratings on March 27 downgraded Fianzas Asecam's national rating to BBB-(mex) from BBB(mex) and assigned a stable outlook.

The downgrade reflects the deterioration of the company's profitability, for the second year in a row, that has resulted in operating and net losses, Fitch said. Although the company has managed to reduce its loss ratio, operating costs put pressure on its performance until registering a combined indicator of 171% in 2017 from 122% in 2016.

Fianzas Asecam has also seen fluctuations in the issue of premiums in the last five years, derived from a high concentration in large businesses commonly observed in the Mexican bond sector.

On the other hand, Fianzas Asecam's capitalization and leverage indicators remain positive compared to the sector while its catastrophic reserves should strengthen its capital structure in addition to meeting regulatory compliance, Fitch said. The company also manages a conservative and diversified investment portfolio.