trending Market Intelligence /marketintelligence/en/news-insights/trending/Mqy76gAH-Ktw8SGTsw_-Kg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

A.M. Best Affirms Credit Ratings of General de Seguros S.A.B.

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

Fintech Funding Flows To Insurtech In February


A.M. Best Affirms Credit Ratings of General de Seguros S.A.B.

A.M.Best has affirmed the Financial Strength Rating (FSR) of B++ (Good) and theLong-Term Issuer Credit Rating (Long-Term ICR) of "bbb+" of (Genseg) (Mexico City, Mexico). The outlook of these Credit Ratings (ratings)is stable.

Theratings reflect Genseg's strong risk-based capitalization and profitableoperation. Historically, Genseg has been able to increase capital and achievefavorable results given its sound but volatile underwriting results, consistentinflow of investment income and experienced management team. Moreover, thecompany's financial strength is enhanced by its solid reinsurance program.

Partiallyoffsetting these positive rating factors is the volatility in Genseg's results,initially arising from its exposure to catastrophe risks within itsagricultural line of business and the strong competitive landscape on its mainbusiness lines.