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AM Best Withdraws Credit Ratings of Aserta Seguros Vida, S.A. de C.V., Grupo Financiero Aserta

MEXICO CITY–(BUSINESS WIRE)–#insuranceAM Best has affirmed the Financial Strength Rating (FSR) of B++ (Good), the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” (Good) and the Mexico National Scale Rating (NSR) of “aa+.MX” (Superior) of Aserta Seguros Vida, S.A. de C.V., Grupo Financiero Aserta (ASV) (Mexico City, Mexico). The outlook of the FSR is stable, and the outlook of the Long-Term ICR and NSR is negative. Concurrently, AM Best has withdrawn these Credit Ratings (ratings) as the company has requested to no longer participate in AM Best’s interactive rating process.

The ratings reflect ASV’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).

The negative Long-Term ICR and Mexico NSR outlooks reflect ASV’s trend in premium contraction and its effect on operating performance.

The ratings also reflect ASV’s integration into Controladora Aserta S.A.P.I. de C.V. (CA) in terms of operations, capital support, business infrastructure and ERM.

ASV started operations in 2012, focusing on life microinsurance, group life and accident and health insurance. In 2013, CA acquired a majority stake in the company and subsequently received regulatory approval for ASV to become a member of the financial group. ASV has a market share of less than 1% as of September 2022, as the company continues to focus on prioritizing underwriting quality over premium growth.

Risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), stands at the strongest level, reflecting capital support from its parent. The last capital contribution took place in 2021 so that ASV could maintain its regulatory requirements within compliance levels.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit

Copyright © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.


Inger Rodríguez
Associate Financial Analyst
+52 55 1102 2720, ext. 108

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159

Elí Sánchez
Associate Director, Analytics
+52 55 1102 2720, ext. 122

Al Slavin
Senior Public Relations Specialist
+1 908 439 2200, ext. 5098

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