A.M. Best Affirms Credit Ratings of J.Malucelli Resseguradora S.A. and J.Malucelli Seguradora S.A.
The ratings reflect J.Malucelli’s balance sheet strength, which
Partially offsetting these positive rating factors is J.Malucelli’s concentration risk as essentially a mono-line surety writer with business concentration in a single country. J.Malucelli’s future plans to mitigate this risk include expansion into related lines of business and geographic diversification into other parts of
Factors that could lead to positive rating action include successful long-term execution of J.Malucelli’s growth and diversification plan and consistent operating performance while maintaining its robust risk-adjusted capitalization. Negative rating triggers include deterioration in operating results or risk-adjusted capitalization, the inability to execute its growth and diversification strategy, a continued weakness in Brazil’s economy or a downgrade in Brazil’s country risk tier.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180509006315/en/
+1 908 439 2200, ext. 5301
[email protected]
or
+1 908 439 2200, ext. 5593
[email protected]
or
+1 908 439 2200, ext. 5159
[email protected]
or
+1 908 439 2200, ext. 5644
[email protected]
Source:
A.M. Best Revises Outlooks to Stable for Nations Insurance Company
DPS urges Texans to prepare for hurricane season now
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News