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A.M. Best maintains La Colonial's ratings

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A.M. Best maintains La Colonial's ratings

A.M. Best on April 26 affirmed La Colonial SA Compania de Seguros' financial strength ratingof B++ (Good) and issuer credit rating of "bbb+."

The outlook for each rating is stable, the rating agency said.

The ratings reflect La Colonial's historically sound executionstrategy, improved expense management, robust capitalization supported by a strongreinsurance program and its excellent market position, A.M. Best noted. These factorsare partially offset by the company's still high operational expenses and its impacton technical results, which generates dependence on investment income.