OLDWICK, N.J : A.M. Best Co. is pleased to announce the incorporation of its new subsidiary, A.M. Best América Latina, S.A. de C.V. The new office will be located in the financial district of Mexico City at Paseo de la 
Andrea Keenan, managing director, A.M. Best América Latina, will be responsible for the setup and staffing of the office in Mexico City. “The development of the Mexican insurance market and the insurance markets in the entire region continues to be strong, and the establishment of A.M.
Best América Latina will allow A.M. Best to properly serve these markets as the importance of third party rating opinions continues to grow,” said Matthew Mosher, CEO, A.M. Best América Latina. “Andrea will spend a great deal of time this year in Mexico City establishing our local market staff and working to ensure the proper regulatory registration of A.M. Best América Latina.”
Founded in New York City in 1899, A.M. Best is the leading provider of global insurance ratings worldwide. Best’s Credit Ratings are recognized by users as the benchmark for assessing the financial strength of insurance-related organizations and the credit quality of their obligations. A.M. Best has expanded its coverage in Latin America as the market has evolved and ratings have become more widely used. In Latin America, A.M. Best rates 24 insurance organizations located in Panama, Mexico, Dominican Republic, Brazil and Costa Rica.
The establishment of A.M. Best América Latina is the logical next step in that expansion process.