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AM Best assigns ‘A-’ FSR to Costa Rica’s INS

27 January 2012

These ratings reveal INS’ solid capitalisation, diversified operating strategy and its major position in Costa Rica.

Read more: AM Best Ratings Latin America Costa Rica Central America INS Instituto Nacional de Seguros

AM Best has assigned an issuer credit rating of “a-” to Costa Rican insurer Instituto Nacional de Seguros (INS).

The ratings agency has also assigned a financial strength rating of A- (Excellent) to the company.

AM Best said the...


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Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

Less than $3bn
0%
$3bn-$4bn
36%
$4bn-$5bn
27%
$5bn-$6bn
9%
$6bn-$7bn
18%
More than $7bn
9%

Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield