Latin America's 2024 issuer credit ratings' upgrades underpinned by mature markets

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<title>Latin America's 2024 issuer credit ratings' upgrades underpinned by mature markets</title>
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<namePart>A.M. Best Company</namePart>
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<dateIssued>2025</dateIssued>
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<abstract displayLabel="Summary">This report analyzes companies in the Latin American region rated by AM Best and focuses on rating actions taken throughout 2024. It reflects AM Best's extensive geographical reach and covers a wide array of (re)insurance groups operating across Latin America. The rated entities include a variety of company types and market environmentsboth mature and emergingcomprised of reinsurers, primary insurers, mutuals, and captives; credit and health insurers. Among LatAm markets, Brazil, Chile, Mexico, and Panama are recognized as relatively more mature insurance markets</abstract>
<tableOfContents displayLabel="Contents">Generally higher ratings in mature markets -- Upgrades & downgrades by country, 2024 -- Rating outlook changes, 2024 -- Upgrades exceed downgrades in 2024 -- Balance sheet strength is generally very strong -- Enterprise Management</tableOfContents>
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<topic>Mercado de reaseguros</topic>
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<topic>Mercado de seguros</topic>
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<geographic>América Latina</geographic>
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<title>Best's special report</title>
<partNumber>September 16, 2025</partNumber>
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