AM Best Affirmed Solunion Credit Ratings
The insurer maintains an A rating, signaling stability for partners utilizing its trade credit insurance services.
Updated on Sept. 30, 2026 in Financial Services
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Credit rating agency AM Best has affirmed a Financial Strength Rating of A and a Long-Term Issuer Credit Rating of a+ for Solunion Seguros, citing a stable outlook. This classification reflects the credit insurer's ongoing balance sheet strength and consistent operating performance.
Why it matters
For business operators reliant on trade credit insurance to manage supply chain and accounts receivable risk, the stability of a provider's rating is a key indicator of counterparty reliability. The affirmation confirms that Solunion continues to maintain robust capital levels while operating as a joint venture.
Solunion achieved a 14.2% return-on-equity at year-end 2025 and reported a profit before tax of EUR 34.5 million for the same period. The joint venture, owned equally by Mapfre and Allianz Trade, maintains a stable rating outlook.
The players
Solunion Seguros
An international trade credit insurer operating as a joint venture that manages credit risk for commercial entities.
AM Best
A global credit rating agency specializing in the insurance industry that assesses the financial solvency and operational risks of carriers.
Mapfre
A global insurance group that serves as a parent company and operational support partner for Solunion.
Allianz Trade
A global leader in trade credit insurance providing strategic operational oversight to the Solunion joint venture.
The details
Solunion supports its financial stability through a combination of operational backing from its shareholders and a sophisticated reinsurance strategy. The firm utilizes a mix of quota share arrangements and excess of loss protection to mitigate underwriting risks across its core markets in Spain and Latin America. This structural support helps the company maintain its strongest level of risk-adjusted capitalization.
Timeline
Year-end 2025 marked the strongest level for risk-adjusted capitalisation.
The firm achieved a 14.2% return-on-equity in 2025.
Solunion reported a profit of EUR 34.5 million in 2025.
Year-to-date results for 2026 have continued to trend favorably.
AM Best affirmed the credit ratings on September 30, 2026.
Market Landscape
The credit rating affirmation follows standard insurance solvency assessments, confirming Solunion continues to meet the capital requirements established by the Solvency II regulatory framework. This stability aligns with broader trends in the trade credit insurance market where providers are increasingly scrutinized for balance sheet resilience during volatile economic cycles.
Operators currently using Solunion for trade credit protection can treat this rating as a sign of continued operational continuity. Review your existing credit insurance contracts to ensure that terms remain aligned with current market coverage limits.
The takeaway
The sustained A rating for Solunion highlights the importance of institutional backing for specialty insurance providers. Business owners should periodically audit their credit insurance providers to confirm that financial strength ratings remain within internal risk compliance guidelines.
Further reading
For more on industry benchmarks and credit stability, visit Financial Services.
Source note: This article includes information reported by Ambest.
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