OREANDA-NEWS. Standard & Poor's has awarded Talanx’s Mexican subsidiary HDI Seguros S.A. de C.V., which has been assigned a rating for the first time, a national financial strength rating of "mxAAA". This is the highest possible rating normally given to private entities in Mexico. The outlook is assessed as "stable".

In accordance with its group rating methodology, Standard & Poor's evaluates HDI Seguros S.A. de C.V. as "strategically important" within the Talanx Primary Insurance Group. The foreign currency rating is assessed as "BBB+, Outlook Stable".

The company has been part of Talanx since 2009. HDI Seguros S.A. de C.V. is a property and casualty insurer employing more than 1,000 staff; its main concentration is on motor business, which accounts for 88 percent of gross premiums.

Along with Central and Eastern Europe, Latin America is a strategic target market for the Talanx Group. Over the medium term Talanx aims to generate half of its premium income in primary insurance from international markets.