- Language: English
- Published: October 2012
- Region: Mexico
FSA Seguros Mexico S.A. de C.V. May 09
- Published: May 2009
- Region: Mexico
- Standard & Poors
Strong reinsurance program placed entirely with Financial Security Assurance Inc. Current economic environment has constrained business opportunities for the Mexican subsidiary The ratings reflect the comprehensive capital, liquidity, and operating support that FSA Seguros Mexico S.A. de C.V. (FSA Mexico) receives from its parent company, Financial Security Assurance Inc. (FSA; 'AAA' financial strength rating), including the ceding of 100% of FSA Mexico's insurance business to FSA. By the end of first-quarter 2008, FSA Mexico was capitalized with Mexican pesos 138.9 million. In addition, under the terms of a quota-share reinsurance treaty, FSA Mexico cedes 100% of the business it writes to FSA. FSA must make payments in either U.S. dollars or any other currency of FSA Mexico's choosing. FSA Mexico's...
Companies mentioned in this report are: FSA Seguros Mexico S.A. de C.V.,Assured Guaranty Municipal Corp.,Assured Guaranty Municipal Holdings Inc.,Assured Guaranty (Europe) Ltd.,Assured Guaranty Municipal Insurance Co.,Assured Guaranty (Bermuda) Ltd.,Sutton Capital Trust I,Sutton Capital Trust II
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FSA Seguros Mexico S.A. de C.V.,Assured Guaranty Municipal Corp.,Assured Guaranty Municipal Holdings Inc.,Assured Guaranty (Europe) Ltd.,Assured Guaranty Municipal Insurance Co.,Assured Guaranty (Bermuda) Ltd.,Sutton Capital Trust I,Sutton Capital Trust II