MAPFRE

AM Best Affirms Credit Ratings of MAPFRE U.S.A. Corp’s Main Insurance Subsidiaries

Thursday, October 14, 2021 - 7:11pm

The outlook of these Credit Ratings (ratings) is stable.

Key Points: 
  • The outlook of these Credit Ratings (ratings) is stable.
  • The MAPFRE U.S.A. Group is owned by MAPFRE U.S.A. Corp., whose ultimate parent is Spain-based Fundacin MAPFRE (MAPFRE).
  • The ratings also reflect the implicit and explicit support provided by its intermediate parent company, MAPFRE S.A.
  • The MAPFRE U.S.A. Group is integrated into the operations and management of the group and carries the MAPFRE name commercially.

AM Best Affirms Credit Ratings of MAPFRE México, S.A.

Thursday, October 14, 2021 - 6:49pm

The outlook of these Credit Ratings (ratings) is stable.

Key Points: 
  • The outlook of these Credit Ratings (ratings) is stable.
  • 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 is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Affirms Credit Ratings of MAPFRE Panamá S.A.

Thursday, October 14, 2021 - 6:40pm

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a+ (Excellent) of MAPFRE Panam S.A. (MAPFRE Panam) (Panama City, Panama).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a+ (Excellent) of MAPFRE Panam S.A. (MAPFRE Panam) (Panama City, Panama).
  • The ratings reflect MAPFRE Panams geographic and strategic importance to the MAPFRE group, given its Central America presence, as well as the integration of the MAPFRE groups practices, procedures, reinsurance, draft facilities, underwriting selection and ERM framework into MAPFRE Panam, and the synergies and operating efficiencies derived from being a group member.
  • 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 MAPFRE Fianzas, S.A.

Thursday, October 14, 2021 - 6:31pm

The outlook of these Credit Ratings (ratings) is stable.

Key Points: 
  • The outlook of these Credit Ratings (ratings) is stable.
  • Such scenarios have been incorporated into the ratings and present a key point for AM Best to review in coming years.
  • 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 MAPFRE S.A.’s Rated Operating Subsidiaries

Thursday, October 14, 2021 - 6:25pm

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of MAPFRE S.A.s (MAPFRE) rated operating subsidiaries.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of MAPFRE S.A.s (MAPFRE) rated operating subsidiaries.
  • The ratings reflect MAPFREs balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favourable 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 Solunion Seguros, Compañía Internacional de Seguros y Reaseguros S.A.

Friday, September 3, 2021 - 3:40pm

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of Solunion Seguros, Compaa Internacional de Seguros y Reaseguros S.A. (Solunion) (Spain).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of Solunion Seguros, Compaa Internacional de Seguros y Reaseguros S.A. (Solunion) (Spain).
  • The outlook of these Credit Ratings (ratings) is stable.
  • 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 .

MAPFRE Insurance and AAA Washington Form Jointly Owned Insurance Company to Serve Customers in Washington and North Idaho

Tuesday, August 10, 2021 - 3:50pm

MAPFRE Insurance and AAA Washington today entered into definitive agreements to form a jointly owned insurance company to write automobile and homeowners insurance in Washington and North Idaho.

Key Points: 
  • MAPFRE Insurance and AAA Washington today entered into definitive agreements to form a jointly owned insurance company to write automobile and homeowners insurance in Washington and North Idaho.
  • The joint venture, which is subject to regulatory approval, will be known as the Auto Club MAPFRE Insurance Company.
  • AAA Washington is the largest independent personal-lines insurance agency in Washington, serving Washington and North Idaho.
  • AAA Washington will remain an independent insurance agency and offer the new Auto Club MAPFRE Insurance Companys products under the AAA Insurance brand.