{"id":34546,"date":"2026-07-11T01:08:00","date_gmt":"2026-07-10T23:08:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=042fa5b172aca88dcf7b5dce8441615e"},"modified":"2026-07-11T01:08:00","modified_gmt":"2026-07-10T23:08:00","slug":"am-best-affirms-credit-ratings-of-general-de-seguros-s-a","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=34546","title":{"rendered":"AM Best Affirms Credit Ratings of General de Seguros, S.A."},"content":{"rendered":"

MEXICO CITY--(BUSINESS WIRE)--AM Best <\/b>has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of \u201ca\u201d (Excellent) of General de Seguros, S.A. (GS) (Panama City, Panama). The outlook of these Credit Ratings (ratings) is stable.<\/p><\/a><\/a>

\nThe ratings reflect GS\u2019 balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).<\/p>

\nGS is an insurance subsidiary of Banco General, S.A. (BG), one of the largest banks in Panama. The company ranks fifth by premium in Panama\u2019s insurance market, deriving its business solely from BG customers. GS and BG are ultimately owned by Grupo Financiero BG, S.A. (Panama), a publicly listed company with over USD 4 billion in equity as of December 2025.<\/p>

\nGS\u2019 business profile is considered neutral to the ratings due to its access to a large client base provided by BG, with ample room to grow in terms of customer penetration and cross-selling. Concerns regarding concentration in distribution channels are mitigated partially by its ownership and the systemic importance of BG to Panama\u2019s financial system.<\/p>

\nAM Best assesses GS\u2019 balance sheet strength at the strongest level due to its ample capital base with a clearly defined risk appetite. Somewhat limiting this assessment is the quality of capital concentrated in retained earnings rather than paid capital; nevertheless, historically, dividend distribution has been prudent.<\/p>

\nAs of December 2025, GS was the most profitable company in Panama\u2019s insurance segment by technical results, contributing to over 29% of the total market. The company has reported sound underwriting ratios, due to a double screening on the underwriting side (by BG and GS) and due to the operational efficiencies related to common processes with BG. The company has been able to maintain its profitability and quality of underwriting during the last few years, rendering its operating performance strong.<\/p>

\nAM Best assesses GS\u2019 ERM as appropriate, as the company has a clear risk management structure backed by the group\u2019s knowledge and aims to comply with its defined risk appetite according to its tolerances.<\/p>

\nThe stable outlooks reflect AM Best\u2019s expectation that GS will continue to develop its strategy in a profitable way, while maintaining its strongest level of risk-adjusted capitalization, as measured by Best\u2019s Capital Adequacy Ratio (BCAR).<\/p>

\nPositive rating actions are unlikely, but could take place if GS\u2019 operating performance continues to strengthen over the medium term.<\/p>

\nNegative rating actions could take place if there are significant disruptions in business generation tied to GS\u2019 parent, which could impact either revenue or profitability. This press release relates to Credit Ratings that have been published on AM Best\u2019s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best\u2019s <\/b>Recent Rating Activity<\/b><\/a> web page. For additional information regarding the use and limitations of Credit Rating opinions, please view <\/b>Guide to Best\u2019s Credit Ratings<\/b><\/a>. For information on the proper use of Best\u2019s Credit Ratings, Best\u2019s Performance Assessments, Best\u2019s Preliminary Credit Assessments and AM Best press releases, please view <\/b>Guide to Proper Use of Best\u2019s Ratings & Assessments<\/b><\/a>.<\/b><\/p>

\nAM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit <\/b>www.ambest.com<\/b><\/a>.<\/b><\/p>

\nCopyright \u00a9 2026 by A.M. Best Rating Services, Inc. and\/or its affiliates. ALL RIGHTS RESERVED.<\/b><\/p> Contacts<\/b>

\nDavid Barroso<\/b>Associate Financial Analyst<\/b>+52 55 1102 2720, ext. 135<\/b>david.barroso@ambest.com<\/a><\/p>

\nOlga Rubo, FRM, CPCU<\/b>Associate Director, Analytics<\/b>+52 55 1102 2720, ext. 134<\/b>olga.rubo@ambest.com<\/a><\/p>

\nChristopher Sharkey<\/b>Associate Director, Public Relations<\/b>+1 908 882 2310<\/b>christopher.sharkey@ambest.com<\/a><\/p>

\nAl Slavin<\/b>Senior Public Relations Specialist<\/b>+1 908 882 2318<\/b>al.slavin@ambest.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

MEXICO CITY–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of \u201ca\u201d (Excellent) of General de Seguros, S.A. (GS) (Panama City, Panama). The outlook of these Credit Ratings (rat…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-34546","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/34546","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34546"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/34546\/revisions"}],"predecessor-version":[{"id":34547,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/34546\/revisions\/34547"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}