trending Market Intelligence /marketintelligence/en/news-insights/trending/P7y8J2LEh2161cbPnzBOlQ2 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

In This List

Fitch places Mexico's Principal Seguros on Rating Watch Evolving

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

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did


Fitch places Mexico's Principal Seguros on Rating Watch Evolving

Fitch Ratings placed the BBB-(mex) national scale rating of Principal Mexico Compania de Seguros SA de CV on Rating Watch Evolving, following the signing of a contract that allows asset manager Akaan Lombard International to buy all the shares of the Mexican insurer.

The agreement, which was announced in September 2018, still awaits regulatory approval.

The rating agency noted that, due to its sale, the company now has limited importance for its ultimate parent, Principal Financial Group Inc. However, Fitch's placement still considers the companies' shared brand and reputation as well as their integration.

Fitch said it will resolve and withdraw the rating placement once the authorization process for the sale has been completed.

In addition, Fitch affirmed and withdrew the BBB(mex) national scale ratings of Principal Pensiones SA De CV Principal Grupo Financiero. Prior to the withdrawal, the rating agency removed Principal Pensiones' rating from Watch Evolving and assigned a stable outlook.