A.M. Best Affirms Credit Ratings of Sompo Seguros Mexico, S.A. de C.V.
The ratings reflect Sompo Mexico’s balance sheet strength, which
The ratings of Sompo Mexico also reflect the company’s integration and support from its group through its holding company,
Sompo Mexico initiated activities in 1998; the company underwrites property/casualty business and stands as a strategic hub from which its group plans to continue expanding operations into other
Sompo Mexico’s strong risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), is supported by the company’s small retention profile, historical positive bottom-line results reflected in good profitability metrics and conservative profit retention policies. Sompo Mexico’s strong underwriting results are mainly a consequence of underwriting referred businesses for the
Positive rating actions on the group will most likely result in equivalent rating actions for Sompo Mexico, unless
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
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A.M. Best Withdraws Credit Ratings of NIPPONKOA Insurance Company (China) Limited
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