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AM Best Affirms Credit Ratings of Virginia Surety Seguros de México, S.A. de C.V.

AM Best Affirms Credit Ratings of Virginia Surety Seguros de México, S.A. de C.V.
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AM Best Affirms Credit Ratings of Assurant, Inc. and Certain Subsidiaries

AM Best Affirms Credit Ratings of Assurant, Inc. and Certain Subsidiaries
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long Term ICR) of a+ (Excellent) of the U.S. property/casualty (P/C) subsidiaries of Assurant, Inc. (Assurant) (headquartered in New York, NY) [NYSE: AIZ]. These companies are collectively referred to as Assurant P&C Group (Assurant P&C). Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long Term ICRs of a- (Excellent) of the core credit and life/health (L/H) subsidiaries of Assurant: American Bankers Life Assurant Company of Florida (Miami, FL) and Caribbean American Life Assurance Company (San Juan, Puerto Rico). AM Best also has affirmed the Long-Term ICR of bbb+ (Good) and the Long- and Short-Term Issue Credit Ratings (Long-Term IR; Short-Term IR) of Assurant. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed list of the companie ....

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AM Best Affirms Credit Ratings of Virginia Surety Seguros de Mxico, S.A. de C.V.

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AM Best has affirmed the Financial Strength Rating of A-(Excellent), the Long-Term Issuer Credit Rating of “a-” and the Mexico National Scale Rating of “aaa.MX” of Virginia Surety Seguros de México S.A. de C.V. (VSSM) (Mexico City, Mexico). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect VSSM’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
The ratings also reflect the company’s balance sheet strength assessed at a strong level since it began operations in Mexico. The ratings of VSSM also factor its recent affiliation and strategic importance to ....

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