{"id":49188,"date":"2026-07-31T21:44:00","date_gmt":"2026-07-31T19:44:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=fd2404eaa00a9f3eb510283f8ac3e419"},"modified":"2026-07-31T21:44:00","modified_gmt":"2026-07-31T19:44:00","slug":"am-best-affirms-credit-ratings-of-reaseguradora-delta-s-a-and-reaseguradora-delta-c-a","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=49188","title":{"rendered":"AM Best Affirms Credit Ratings of Reaseguradora Delta, S.A. and Reaseguradora Delta, C.A."},"content":{"rendered":"

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

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

\nDelta Panama\u2019s ratings reflect a stable trend in underwriting metrics and profitable results. The company\u2019s operating performance is assessed as strong. While investment income contributes to Delta Panama\u2019s earnings, profitability is fully achieved through technical results in the company\u2019s main business lines, rendering premium sufficiency levels that align well to the strong assessment for the last couple of years. AM Best expects Delta Panama to maintain profitable results that continue strengthening the company's capital base while implementing its growth strategy.<\/p>

\nDelta Panama\u2019s very strong balance sheet strength assessment recognizes the company\u2019s adequately matched obligations and risk appetite, as well as its shareholders\u2019 commitment to strengthening its capital base, reflected in Delta Panama\u2019s strongest level of risk-adjusted capitalization, as measured by Best\u2019s Capital Adequacy Ratio (BCAR), and favorable net underwriting leverage metrics.<\/p>

\nFounded in Panama in 2010, Delta Panama offers treaty and facultative reinsurance for several lines of business, including fire, surety, construction and engineering, auto, marine aviation and transport, personal liabilities, robbery and personal accidents. Most of its portfolio is composed of treaty contracts (61%), while facultative reinsurance accounts for 39%. Delta Panama is diversified geographically, as the company underwrites business in Venezuela, Ecuador, Dominican Republic and 10 other countries. The company\u2019s distribution channels include brokers and alliances with other reinsurers, as well as a managing general agent established in Miami by Delta Panama\u2019s shareholders. AM Best assesses the company\u2019s business profile as neutral.<\/p>

\nDelta Panama\u2019s ERM is considered appropriate as it is well-integrated into its operations; risk appetite and tolerance are well-defined, and the company takes advantage of its pricing model and management team, which has over 20 years of experience in the Latin American market. The company has a sound excess of loss retrocession program in place with highly rated reinsurers that have an excellent level of security.<\/p>

\nDelta Venezuela is a reinsurance company founded in Caracas, Venezuela, in 1963. The company has shared top management and major shareholders with Delta Panama since 2010; it offers treaty and facultative reinsurance for several lines of business, including fire, surety, construction and engineering, auto, marine aviation and transport, personal liabilities, robbery and personal accidents. The company underwrites premiums in Venezuela and Ecuador through shared distribution channels.<\/p>

\nDelta Venezuela\u2019 risk-adjusted capitalization stands at the strongest level, as measured by BCAR, and the company is well-protected against the economic volatility present in Venezuela through its conservative investment strategy. The company\u2019s operating performance is characterized as being profitable. Delta Venezuela receives substantial reinsurance support in terms of underwriting, reinsurance protection and ERM from Delta Panama.<\/p>

\nNegative rating actions could occur if the company\u2019s capital base erodes due to cash withdrawals or a deterioration in operating results that weakens risk-adjusted capitalization to a point no longer supportive of the current assessment. Positive rating actions could take place if the capital volume of Delta Panama continues to grow while the company maintains its strongest level of risk-adjusted capitalization.<\/p>

\nThis 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>

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

\nAlfonso Novelo<\/b>Senior Director, Analytics<\/b>+52 55 1102 2720, ext. 107<\/b>alfonso.novelo@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)–#insurance–AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of \u201ca-\u201d (Excellent) of Reaseguradora Delta, S.A. (Delta Panama) (Panama City, Panama) and Reasegurado…<\/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-49188","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\/49188","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=49188"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/49188\/revisions"}],"predecessor-version":[{"id":49189,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/49188\/revisions\/49189"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}