Moody’s grants AAA rating to MAPFRE BHD Seguros

The prestigious credit rating agency Moody’s Local awarded MAPFRE BHD Seguros a long-term rating of AAA, with a stable outlook, a valuation that is based on its positioning in the Dominican insurance sector, given its sustained growth capacity, accompanied by financial performance and profitability indicators with a favorable trend. The rating agency also valued MAPFRE BHD Seguros’ corporate structure as robust, its brand strength, and its capital owned by groups with a recognized operational track record, which strengthens its corporate governance framework and impacts the generation of operational and commercial synergies. Likewise, Moody’s underlines the favorable evolution in the combined management ratio and return on equity index, as well as the support of the reinsurance units of its majority owner group, and structural changes in the program that reduce the level of exposure to risk and event in property and casualty insurance. Andrés Mejía, executive president of MAPFRE Dominican Republic, stated that this rating demonstrates once again the strengths of the team in services and its financial management, led with the strategic objective of strengthening its positioning in the insurance sector. “I thank the commitment of all employees; to the clients for the trust they have always placed in our organization; to the intermediaries, for being a fundamental part of our development; and to the shareholders, for their constant support,” Mejía expressed. Also, in its report, Moody’s highlights that as of March 2025, MAPFRE BHD maintained a greater compliance with solvency requirements (3 times) and minimum liquidity (1.5 times) required by regulatory entities.

This is the eighth AAA rating with a stable outlook received by MAPFRE BHD Seguros, the highest that can be awarded on the evaluation scale. In previous years, Fitch Ratings also conferred this rating, reaffirming the company’s reputation and solidity in the Dominican financial system.