A.M. Best Removes Non-Rating Designation of Aseguradora del Istmo, S.A.

MEXICO CITY–(BUSINESS WIRE)–A.M. Best has removed the Non-Rating Designation of “E” of Aseguradora del Istmo, S.A. (ADISAP) (Panama City, Panama). On June 30, 2017, Panama’s insurance regulator, the Superintendencia de Seguros y Reaseguros de Panamá, lifted its administrative and operational control over ADISAP, previously a subsidiary of Istmo Compañía de Reaseguros, Inc. (Istmo Re). This followed a non-judicial agreement under which one of Istmo Re’s creditors, Banco Prival, foreclosed on I