OREANDA-NEWS. A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Aseguradora Ancón, S.A. (Ancón) (Panama). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect Ancón’s improved underwriting metrics and bottom-line results, which are supported by a well-structured reinsurance program that covers its different business lines, which has allowed the company to maintain adequate risk-adjusted capitalization for its current rating level. Offsetting these positive rating factors are the marginal growth of the Panama insurance sector during 2016 and strong competition within Ancon’s main segments.