Fitch Gives Pan American 'A', but Unicover Haunts

Fitch Ratings has affirmed the 'A' insurer financial strength rating of Pan-American Life Insurance Co. (Pan-American). Pan-American's Rating Outlook is Stable. Pan-American's rating is supported by its conservatively structured balance sheet, specifically a strong surplus position, low operating leverage, and a conservative investment portfolio. In addition, Pan-American has experience and expertise in the Latin American marketplace. These positives are balanced against a potential loss exposure from a personal accident reinsurance pool, the limited scale of Pan-American's U.S. operations, ...