Feller Rate withdraws ratings on Renta Nacional

Chilean ratings agency Feller Rate has withdrawn all ratings on local insurance company Renta Nacional Compañía de Seguros' life and P&C units as they did not renew the contract, the agency said in a statement. Renta Nacional's ratings were BB- for its P&C unit and B+ for its life insurer. Renta Nacional held a 1% market share in P&C insurance and a 0.1% market share in the life market as of March 31. Combined premiums amounted to 1.870bn pesos (US$3.2mn). To read Feller's report on Renta Nacional's P&C insurer, in Spanish, paste the following link into your browser: http://www.bnamericas.com/rc_search_detail.xsql?id_documento=69109&Tx_idioma=E To read Feller's report on Renta Nacional's life insurer, in Spanish, paste the following link into your browser: http://www.bnamericas.com/rc_search_detail.xsql?id_documento=69110&Tx_idioma=E