CONTACTS:
FOR IMMEDIATE RELEASE
MEXICO CITY - MAY 27, 2026 11:05 AM (EDT)
AM Best has upgraded the Financial Strength Rating to “B+” (Good) from B (Fair) and the Long-Term Issuer Credit Rating to “bbb-” (Good) from “bb+” (Fair) of Reaseguradora Santo Domingo, S.A. (REASANTO) (Dominican Republic). The outlook of these Credit Ratings (ratings) has been revised to stable from positive.
The ratings reflect REASANTO’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).
The ratings upgrade reflects the company’s recent capitalization strengthening and consistently sound balance sheet fundamentals, supported by prudent asset-liability management, low underwriting leverage, adequate adjusted financial leverage of 13.4%, as calculated by AM Best, and a reinsurance program designed to limit net retained exposures. REASANTO´s balance sheet strength assessment of very strong is underpinned by the strongest level of risk-adjusted capitalization in 2025, as measured by Best’s Capital Adequacy Ratio (BCAR). The company continues to adjust its exposures to probable maximum losses by actively managing its reinsurance program and aiming to reduce volatility in its capital base.
REASANTO is a reinsurance company founded in 1973 in Santo Domingo, Dominican Republic. The company focuses its product offerings on the fire and allied business lines. In 2024, the company began underwriting business in Central America following its plan to expand operations to other countries; however, business continues to be concentrated in the Dominican Republic. The company’s business profile is considered limited given its geographic and business line concentration. AM Best will continue to monitor the deployment of REASANTO’s business strategy outside the country.
The company’s operating performance is assessed as adequate, driven by consistent net income backed by disciplined underwriting practices, favorable loss experience and controlled expense levels. While investment income continues to support earnings generation, profitability remains primarily driven by solid underwriting performance; however, earnings generation remains exposed to catastrophe volatility due to portfolio concentration.
AM Best considers REASANTO’s ERM to be appropriate, supported by disciplined underwriting controls, active monitoring of portfolio exposures and the implementation of an internal capital model.
The rating outlook revision to stable from positive, reflects AM Best’s expectation that REASANTO will maintain its overall balance sheet strength assessment, supported by risk-adjusted capitalization at the strongest level, as measured by BCAR, supported by disciplined underwriting practices and stable risk management.
Positive rating actions could occur if the company achieves sustained improvement in its operating performance, while maintaining low volatility levels. Negative rating actions could take place if there is a material deterioration in its balance sheet fundamentals, such as a significant decline in risk-adjusted capitalization caused by capital outflows or large-scale natural catastrophes.
The methodology used in determining these ratings is Best’s Credit Rating Methodology (Version Aug. 29, 2024), which provides a comprehensive explanation of AM Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.
Key insurance criteria reports utilized:
· Available Capital and Insurance Holding Company Analysis (Version Sept. 18, 2025)
· Understanding Global BCAR (Version Sept. 18, 2025)
· Evaluating Country Risk (Version June 6, 2024)
· Catastrophe Analysis in AM Best Ratings (Version Feb. 27, 2026)
· Scoring and Assessing Innovation (Version Feb. 20, 2025)
View a general description of the policies and procedures used to determine credit ratings. For information on the meaning of ratings, structure, voting and the committee process for determining the ratings and monitoring activities, relevant sources of information and the frequency for updating ratings, please refer to Guide to Best’s Credit Ratings.
· Previous Rating Date: June 12, 2025
· Initial Rating Date: July 3, 2024
· Date Range of Financial Data Used: Dec. 31, 2020-March 31, 2026
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to rating(s) that have been published on AM Best's website. For additional 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.
If the ratings referred in this press release do not indicate a specific country suffix, it is understood that they are granted globally and not on a national scale.
AM Best does not validate or certify the information provided by the client in order to issue a credit rating.
While the information obtained from the material source(s) is believed to be reliable, its accuracy is not guaranteed. AM Best does not audit the company’s financial records or statements, or otherwise independently verify the accuracy and reliability of the information; therefore, AM Best cannot attest as to the accuracy of the information provided.
AM Best’s credit ratings are independent and objective opinions, not statements of fact. AM Best is not an Investment Advisor, does not offer investment advice of any kind, nor does the company or its Ratings Analysts offer any form of structuring or financial advice. AM Best’s credit opinions are not recommendations to buy, sell or hold securities, or to make any other investment decisions. View our entire notice for complete details.
AM Best receives compensation for interactive rating services provided to organizations that it rates. AM Best may also receive compensation from rated entities for non-rating related services or products offered by AM Best. AM Best does not offer consulting or advisory services. AM Best keeps certain activities of its business units separate from each other to preserve the independence and objectivity of their respective activities. As a result, certain business units of AM Best may have information that is not available to other AM Best business units. AM Best has established policies and procedures to maintain the confidentiality of certain confidential (non-public) information received in connection with each analytical process. For more information regarding AM Best’s rating process, including handling of confidential (non-public) information, independence, and avoidance of conflicts of interest, please read the AM Best Code of Conduct. For information on the proper use of Best’s Credit Ratings (BCR), Best’s Performance Assessments (PA), Best’s Preliminary Credit Assessments (PCA) 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.