A.M. Best Affirms Credit Ratings of Aserta Seguros Vida, S.A. de C.V., Grupo Financiero Aserta
The ratings reflect ASV’s balance sheet strength, which
The ratings reflect ASV’s integration into
ASV started operations in 2012, focusing on life microinsurance, group life and accident & health. In 2013, GFA acquired a majority stake of the company and was granted regulatory approval to be a member of the financial group. As of
During 2016, ASV posted positive bottom line results after adjusting its strategy to focus in massive life products and increase its premium retention, which resulted in an improved loss ratio and better profitability. As of
Risk-adjusted capitalization, as measured by Best’s Capital Adequacy
Going forward,
The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.
Key insurance criteria reports utilized:
- Evaluating Country Risk (Version
Oct. 13, 2017 ) - Understanding Universal BCAR (Version
Oct. 13, 2017 ) -
A.M. Best's Ratings On a National Scale (VersionOct. 13, 2017 )
View a general description of the policies and procedures used to determine credit ratings. For information on the meaning of ratings, structure, voting and the committee process for determining the ratings and monitoring activities, please refer to Understanding Best’s Credit Ratings.
- Previous Rating Date:
Dec. 22, 2016 (FSR and Long-Term ICR);Oct. 13, 2017 (NSR) - Date of Financial Data Used:
Sept. 30, 2017
This press release relates to rating(s) that have been published on
While the information obtained from the material source(s) is believed to be reliable, its accuracy is not guaranteed.
A.M. Best’s credit ratings are independent and objective opinions, not statements of fact.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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A.M. Best Upgrades National Scale Rating of Grupo Financiero Aserta S.A. de C.V.; Affirms Credit Ratings of Its Main Subsidiaries
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