North American And Bermudian Insurers See Little Change In ERM Scores Despite Significant Catastrophe Losses And Macroeconomic Uncertainty Apr 12
- Language: English
- Published: April 2012
- Region: Bermuda, North America, United States
The insurer financial strength rating on Triple-S Salud Inc. (TSSI) is based on the company's good competitive position, strong earnings, and very good capital adequacy. Offsetting these positive factors, in Standard & Poor's Ratings Services' view, are the company's narrow geographic scope, government program exposure, and limited organic growth opportunities. TSSI, a subsidiary of Triple-S Management Corp. (TSM; NYSE:GTS), is the leading health insurer in the Commonwealth of Puerto Rico, with 26% of the market revenue and 54% of the private health insurance market based on insured premiums as of Dec. 31, 2010. TSSI's broad networks, servicing capabilities, distribution relationships, and strong local market knowledge support its brand strength well. The company maintains the No. 1 position in the commercial...
Companies mentioned in this report are: Triple-S Salud Inc.
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Triple-S Salud Inc.