A.M. Best keeping tabs on COSVI, revises outlook
January 12, 2012
Believing there is “uncertainty surrounding Cooperativa de Seguros de Vida de Puerto Rico’s ability to generate consistent and sustainable positive earnings from its core lines of business,” respected insurance industry monitor A.M. Best Co. has ...
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QBE Insurance Group acquires Optima Insurance Group
December 21, 2011
QBE Insurance Group announced Wednesday it has agreed to acquire Optima Insurance Group, an underwriting group in Puerto Rico that posted an estimated $100 million in gross written premium in 2011. The financial terms of ...
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European economic woes affect MAPFRE PRAICO’s credit rating
December 19, 2011
The continued deterioration of European credit has reached Puerto Rico’s insurance market, with the recent decision by reputed insurance industry rating agency, A.M. Best to place the ratings of MAPFRE PRAICO Group and its members ...
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