Mercantil Servicios Financieros

Sun Valley Investments AG Announces Acquisition of Shares of Mineros S.A.

Retrieved on: 
Friday, March 1, 2024
Gentlemen's agreement, Shareholder, Carrera, Good, Transaction, Mercantil Servicios Financieros, Agreement, Security (finance)

The Acquired Securities represent 22.5% of the issued and outstanding common shares of Mineros.

Key Points: 
  • The Acquired Securities represent 22.5% of the issued and outstanding common shares of Mineros.
  • Immediately prior to the Transaction, Sun Valley did not beneficially own or exercise control over any common shares of Mineros.
  • Upon completion of the Transaction, Sun Valley will beneficially own and exercise control over 67,440,916 common shares of Mineros, representing 22.5% of the issued and outstanding common shares.
  • In addition, subject to certain conditions, the Shareholders Agreement may require Sun Valley to acquire additional Mineros common shares from the MC Companies.

AM Best Removes From Under Review with Negative Implications and Affirms Credit Ratings of Mercantil Seguros y Reaseguros, S.A.

Retrieved on: 
Thursday, November 9, 2023
Professional Services, Insurance, Finance, Return on equity, Capital Bank, Pressure, Acquisition, Mercantil Servicios Financieros, Risk management, Credit, AM Best, Health, Good, News, ALL, Security (finance), S.A

AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Mercantil Seguros y Reaseguros, S.A. (Mercantil Seguros) (domiciled in Panama).

Key Points: 
  • AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Mercantil Seguros y Reaseguros, S.A. (Mercantil Seguros) (domiciled in Panama).
  • Mercantil Holding Financiero Internacional, S.A. runs the group’s international operations and is controlled by ultimate parent Mercantil Servicios Financieros Internacional, S.A. (MSFI).
  • The under review with negative implications status pertained to the uncertain impact on Mercantil Seguros from MSFI’s post-transaction capital structure, as well as integration risk.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .

AM Best Removes From Under Review with Negative Implications and Affirms Credit Ratings of Mercantil Reaseguradora Internacional, S.A.

Retrieved on: 
Thursday, November 9, 2023
Insurance, Professional Services, Return on equity, Capital Bank, Pressure, Mercantil Servicios Financieros, ERM, Credit, AM Best, Good, News, ALL, Security (finance), Risk management, S.A

The outlook assigned to these Credit Ratings (ratings) is negative.

Key Points: 
  • The outlook assigned to these Credit Ratings (ratings) is negative.
  • Mercantil Holding Financiero Internacional, S.A. runs the group’s international operations and is controlled by ultimate parent Mercantil Servicios Financieros Internacional, S.A. (MSFI).
  • The under review with negative implications status pertained to the uncertain impact on Mercantil Re from MSFI post-transaction capital structure, as well as integration risk.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .

AM Best Places Credit Ratings of Mercantil Seguros y Reaseguros, S.A. and Mercantil Reaseguradora Internacional, S.A. Under Review with Negative Implications

Retrieved on: 
Friday, September 9, 2022
Banking, Professional Services, Insurance, Finance, Mercantil Servicios Financieros, Insurance, Good, Credit, ALL, AM, News, AM Best, Capital Bank, Industry, Review, Risk management, S.A

AM Best has placed under review with negative implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb (Good) of Mercantil Seguros y Reaseguros, S.A. (Mercantil Seguros) and Mercantil Reaseguradora Internacional, S.A. (Mercantil Re) (both domiciled in Panama).

Key Points: 
  • AM Best has placed under review with negative implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb (Good) of Mercantil Seguros y Reaseguros, S.A. (Mercantil Seguros) and Mercantil Reaseguradora Internacional, S.A. (Mercantil Re) (both domiciled in Panama).
  • The under review with negative implications status pertains to the uncertain impacts on Mercantil Seguros and Mercantil Res balance sheet strength assessments, as well as integration risk.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

Insigneo Welcomes Advisors from Amerant Bank

Retrieved on: 
Wednesday, October 13, 2021
Consulting, Professional Services, Finance, University of Valencia Science Park, Technology, MBA, Florida International University, Special adviser (UK), Uniform Securities Agent State Law Exam, Merrill (company), Series 7, Wells Fargo Advisors, Mercantil Servicios Financieros, Uniform Investment Adviser Law Exam, Crédit Agricole, RBC, Multimedia, New, Citibank, Saint Mary's University, Morgan Stanley, Banco de Venezuela, Vicente Costa, University, Family, NASD, Financial adviser, Financial services, Drug

Insigneo, the Miami-based Independent Broker-Dealer and Registered Investment Advisory firm, has incorporated new top talent as three Advisors from Amerant Bank join the firms independent network based in Miami.

Key Points: 
  • Insigneo, the Miami-based Independent Broker-Dealer and Registered Investment Advisory firm, has incorporated new top talent as three Advisors from Amerant Bank join the firms independent network based in Miami.
  • View the full release here: https://www.businesswire.com/news/home/20211013005937/en/
    Insigneo Welcomes Advisors from Amerant Bank (Photo: Business Wire)
    Vicent Costa, Ciro Vasquez, and Juan Zenck have decades of experience in the investment advising and wealth management professions.
  • Prior to working for Amerant Bank, Ciro Vasquez also worked at Gibraltar Private Bank & Trust and Banco de Venezuela.
  • Juan Zenck previously worked at Wells Fargo Advisors, Morgan Stanley, and RBC before joining his new team members at Amerant Bank.

AM Best Affirms Credit Ratings of Mercantil Seguros y Reaseguros, S.A.

Retrieved on: 
Thursday, August 19, 2021
Professional Services, Insurance, Finance, Industry, Good, Mercantil Servicios Financieros, Acquisition, AM Best, Insurance, Credit, Health, ALL, Risk management, News, AM, Data, Income

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb (Good) of Mercantil Seguros y Reaseguros, S.A. (Mercantil Seguros) (Panama).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb (Good) of Mercantil Seguros y Reaseguros, S.A. (Mercantil Seguros) (Panama).
  • The ratings reflect Mercantil Seguros balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

AM Best Affirms Credit Ratings of Mercantil Reaseguradora Internacional, S.A.

Retrieved on: 
Thursday, August 19, 2021
Professional Services, Insurance, Finance, Industry, Good, Mercantil Servicios Financieros, AM Best, Insurance, Credit, ALL, Risk, News, Environment, AM, ERM, Data, Income, Risk management

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb (Good) of Mercantil Reaseguradora Internacional, S.A. (Mercantil Re) (Panama).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb (Good) of Mercantil Reaseguradora Internacional, S.A. (Mercantil Re) (Panama).
  • Additionally, if AM Best determines that Mercantil Res strategic importance to its group has diminished, the ratings also could be downgraded.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

AM Best Affirms Credit Ratings of Mercantil Seguros y Reaseguros, S.A.

Retrieved on: 
Friday, August 7, 2020
Insurance, Professional services, Credit rating agencies, Finance, Mercantil Servicios Financieros, AM Best, Credit rating, Rating, Economy

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb of Mercantil Seguros y Reaseguros, S.A. (Mercantil Seguros) (Panama).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb of Mercantil Seguros y Reaseguros, S.A. (Mercantil Seguros) (Panama).
  • The ratings reflect Mercantil Seguros balance sheet strength, which AM Best categorizes as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Affirms Credit Ratings of Mercantil Reaseguradora Internacional, S.A.

Retrieved on: 
Friday, August 7, 2020
Insurance, Professional services, Credit rating agencies, Finance, Mercantil Servicios Financieros, Credit rating, AM Best, Economy

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb of Mercantil Reaseguradora Internacional, S.A. (Mercantil Re) (Panama).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb of Mercantil Reaseguradora Internacional, S.A. (Mercantil Re) (Panama).
  • Additionally, if AM Best determines that Mercantil Res strategic importance to its group has diminished, the ratings also could be downgraded.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

IUSA Announces Offer to Exchange Its Series A And Series B 9% Senior Secured Notes Due 2023 For Series A And Series B 9% Senior Secured Variable Coupon Notes Due 2027

Retrieved on: 
Friday, November 22, 2019
Retail, Other Retail, Residential Building & Real Estate, Manufacturing, Commercial Building & Real Estate, Construction & Property, Other Manufacturing, Mortgage, Economy, Mercantil Servicios Financieros, Refinancing, Finance, Money, Exchange offer

The PIK Payment will be made to tendering holders of Old Notes in lieu of the cash payment of such accrued interest.

Key Points: 
  • The PIK Payment will be made to tendering holders of Old Notes in lieu of the cash payment of such accrued interest.
  • The principal objective of the Exchange Offer is to refinance the Old Notes and avoid a potential concurso mercantil proceeding in Mexico.
  • The Company reserves the right, subject to applicable law, to extend, withdraw or terminate the Exchange Offer, or otherwise amend the terms of the Exchange Offer.
  • If any tendered Old Notes are not accepted for exchange, such Old Notes will be returned without expense to the tendering holder.