First BanCorp sells $223M of non-performing residential mortgage loans, OREO
June 21, 2013
First BanCorp, the parent company of FirstBank Puerto Rico, announced today it has completed a sale of non-performing residential mortgage loans with an unpaid principal balance of $236.6 million (book value of $203.6 million), as ...
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LIU LatAm offers maritime cargo insurance to Puerto Rico
June 21, 2013
Liberty International Underwriters is adding maritime cargo insurance to its Puerto Rico portfolio, looking to tap into that business line via a web-based service through which clients can obtain required coverage for their inbound and ...
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A.M. Best affirms MAPFRE PRAICO’s ratings
June 3, 2013
Insurance industry credit ratings agency A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of “a” of MAPFRE PRAICO Insurance Company, its wholly owned subsidiary, MAPFRE Preferred ...
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