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AM Best Revises Under Review Status to Developing for Credit Ratings of QBE Seguros

Aug 29, 2019 - Business Wire

AM Best has revised the implications of the under review status to developing from negative for the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb" for QBE Seguros (San Juan, PR).

These rating actions follow QBE Insurance Group Limited's (QBE) recently finalized sale of its wholly owned subsidiary, QBE Seguros, to Grupo Óptima, Inc., a private investor group. Worth noting is the company's pending name change to Optima Seguros, which is awaiting regu...