...Strong Domestic Position: RIMAC Seguros y Reaseguros (RIMAC) is a well-diversified composite insurer with a strong business position in Peru. It is the largest insurer with a 30.9% market share and 28% of total assets at YE 2017. RIMAC benefits from a well-established domestic franchise, supported by its longstanding track record and parent Inversiones Breca S.A.'s (Inversiones Breca) dominant presence in various industries. RIMAC Entidad Prestadora de Salud (RIMAC EPS), a healthcare operating subsidiary of RIMAC, is one of the largest healthcare providers in Peru, with a strong domestic franchise. It writes primarily health-related lines along with a solid framework of medical clinics. Solid Capitalization: Fitch Ratings views RIMAC's capital levels as strong relative to peers and supportive of the current rating level. Management's conservative approach to retained earnings and a sustained internal capital generation remain key drivers of capitalization. Statutory capital adequacy coverage...
