trending Market Intelligence /marketintelligence/en/news-insights/trending/we85c8xznof9rckfqpj6hg2 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 affirms Seguros Bolivar Aseguradora Mixta at AAA(cri)

Video

The Global Impact of COVID-19

COVID-19: The 451 Research Take

Australia And New Zealand Telcos Launch Special Packs Amidst COVID-19 Outbreak

IPTV, Multichannel Services In Asia Evolving Quickly In Response To COVID-19


Fitch affirms Seguros Bolivar Aseguradora Mixta at AAA(cri)

Fitch Ratingson Oct. 4 affirmed the national financial strength rating of Seguros Bolívar Aseguradora Mixta SA at AAA(cri), with astable outlook.

The rating reflectsthe support the insurer would receive from sole shareholder Davivienda if required.Fitch also considered the strategic importance of the insurer to its shareholderas well as the technical, commercial and operational integration between them.

Fitch notedthat Seguros Bolívar Aseguradora Mixta is expecting to continue strong growth onthe back of its synergies potential with BancoDavivienda (Costa Rica) SA, given the consolidation of their businesses. The rating agency believesthe insurer will show growth in its financial performance and profitability dueto the consolidation.

Despite moderatedecrease in total assets in the last 18 months, the insurer maintains comfortablecapitalization and low leverage levels, which is a good platform to sustain growthand support both liquidity and profitability, Fitch said. Company solvency alsoremains adequate due to the support of Davivienda, the agency noted.

In additionto a strong equity base, the insurer also shows appropriate reserve and liquidityposition which support the expected growth of the insurer.