One Alliance Insurance Corporation received an upgrade to its financial strength and long‑term credit ratings from AM Best, placing the Puerto Rico-based insurer in a stronger position in the commercial property insurance market. AM Best raised both the company’s Financial Strength Rating (FSR) and Long-Term Issuer Credit Rating (ICR), while maintaining a stable outlook. The […]
One Alliance Insurance Corporation received an upgrade to its financial strength and long‑term credit ratings from AM Best, placing the Puerto Rico-based insurer in a stronger position in the commercial property insurance market.
AM Best raised both the company’s Financial Strength Rating (FSR) and Long-Term Issuer Credit Rating (ICR), while maintaining a stable outlook. The agency noted that One Alliance’s risk-adjusted capitalization is rated at the strongest level under its Best’s Capital Adequacy Ratio (BCAR), a key metric for assessing an insurer’s ability to absorb losses.
The rating firm attributed the improvement to several factors: sustained gains in underwriting performance, more predictable growth patterns, and continued capital support from the company’s main shareholder. AM Best also underscored the insurer’s high‑quality investment portfolio, largely composed of fixed‑income instruments, and its favorable operating results compared with peers in the commercial property insurance segment.
Juan A. Terrassa, chief executive officer of One Alliance, said the upgraded rating validates the company’s disciplined approach to growth and financial management.
“This classification is a recognition of the disciplined work of our team and the financial foundation on which we have built One Alliance,” Terrassa said. “Having risk‑adjusted capitalization evaluated at the strongest level, along with a stable outlook, reaffirms our ability to respond to producers, agencies, and insureds when it matters most.”
Terrassa added that the company remains focused on strengthening its capital base and delivering agile, customer‑centered service. “This evaluation further commits us to protecting Puerto Rico’s families and businesses,” he said.
The upgraded rating places One Alliance in AM Best’s “Good” category. The stable outlook reflects the agency’s expectation that the insurer’s performance will remain consistent over the medium term, supported by solid capitalization and steady operating results.
