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Seguros e Pens?es GERE S.G.P.S. S.A.'s Insurance Operations Mar 03

  • ID: 2091421
  • March 2003
  • Standard & Poors

Abstract
The ratings on the operating entities of Portugal-based Seguros e Pens-es GERE S.G.P.S. S.A. are based on the Seguros e Pens-es group's (SeP) stand-alone characteristics of an extremely strong domestic business position and good capitalization, together with Standard & Poor's view of the implicit support attributable to SeP from its parent, Banco Comercial Portugu-s, S.A. (BCP; A-/Negative/A-2). These factors are offset by a marginal operating performance in recent years and reduced financial flexibility (defined as the ability to source capital relative to requirements). Extremely strong domestic business position. SeP is the largest insurer in Portugal, with market-leading positions in life, health, and pension fund management. It is also the number two player in non-life business. Good capitalization. Following a -117.4...

Companies mentioned in this report are: Ocidental Companhia Portuguesa de Seguros de Vida S.A.,Banco Comercial Portugues S.A.,Millennium bcp Investimento - Banco Comercial de Investimento S.A.,ICI Comp. de Seguros de Comercio e Industria S.A.,BCP Finance Bank Ltd.,Seguros e Pensoes GERE S.G.P.S. S.A.,Ocidental Companhia Portuguesa de Seguros READ MORE >

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Ocidental Companhia Portuguesa de Seguros de Vida S.A.,Banco Comercial Portugues S.A.,Millennium bcp Investimento - Banco Comercial de Investimento S.A.,ICI Comp. de Seguros de Comercio e Industria S.A.,BCP Finance Bank Ltd.,Seguros e Pensoes GERE S.G.P.S. S.A.,Ocidental Companhia Portuguesa de Seguros S.A.,Imperio Bonanca Companhia de Seguros S.A.,Medis Companhia Portuguesa de Seguros de Saude, S.A.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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