AM Best Places Credit Ratings of Compañía de Seguros Generales Everest Mexico, S.A. de C.V. Under Review With Negative Implications
- August 13, 2026 11:18 AM (EDT)
//BestWire// - AM Best has placed under review with negative implications the Financial Strength Rating of A+ (Superior), the Long-Term Issuer Credit Rating of “aa-” (Superior) and the National Scale Rating (NSR) of “aaa.MX” (Exceptional) of Compañía de Seguros Generales Everest Mexico, S.A. de C.V. (Everest Mexico) (Mexico City, Mexico).
Everest Mexico's Credit Ratings (ratings) have been placed under review with negative implications following the announcement that Everest Group, Ltd. (Everest) has agreed to sell Everest Mexico to Fairfax Financial Holdings Limited (Fairfax) [TSX: FFH and FFH.U.]. This most recent transaction follows Everest’s recent announcements of agreements to sell its Colombia and Canada insurance operations as part of its planned exit from its remaining commercial retail insurance businesses.
Everest Mexico’s ratings will remain under review with negative implications pending customary approvals, closing conditions and AM Best’s evaluation of the organization’s integration and future business plans.
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:
- Evaluating Country Risk (Version June 06, 2024)
- Understanding Global BCAR (Version July 16, 2026)
- Catastrophe Analysis in AM Best Ratings (Version Feb. 27, 2026)
- Available Capital and Insurance Holding Company Analysis (Version Sept. 18, 2025)
- Best's National Scale Ratings (Version July 31, 2025)
- Evaluating Mortgage Insurance (Version March 14, 2024)
- 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: Oct. 29, 2025.
- Initial Rating Date: Oct. 18, 2024.
- Date Range of Financial Data Used: Dec. 31, 2024 – Dec. 31, 2025.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
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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.