Magazine date:
Jul 2012 AM Best has deemed that economic turmoil within the Euro zone would not destabilize group Mapfre’s fundamentals. The financial soundness “A” rating of the Spanish insurer has been confirmed by the rating agency. The related outlook remains negative, though. Credit rating goes from “A” to “A-“with negative outlook. As far as A.M Best is concerned, Mapfre remains quite a solid group despite the economic crisis that hit Spain.