Standard & Poor’s has reaffirmed the AA- stable outlook rating of Allianz Insurance.
The Standard & Poor’s report includes the following statement:
‘Allianz U.K. is expected to remain a strategically important subsidiary of Allianz SE. Based on Standard & Poor’s projections, we anticipate that the company will deliver a net combined ratio below 100% for 2009 and 2010 and strong capital adequacy based on Standard & Poor’s risk-based capital model over the same period.’
Group communications manager, Mark Bishop, said: “In these difficult economic times, this independent confirmation of our financial strength and stability should provide great confidence to business partners and customers.”
Related
Standard & Poor’s has revised Allianz Russia’s outlook from negative to stable. They have affirmed a ‘BBB-‘ counterparty credit and financial strength, and ‘ruAA+’ Russia national scale ratings on the company. The outlook revision reflects a gradual recovery in Allianz Russia's risk-based capital adequacy to a level commensurate with its…
Sep 7, 2011
In "Industry News"
Standard and Poor's have taken negative movements on the ratings of at least four major insurance groups this weekend, painting a bleak picture for the outlook of the insurance industry in 2012. CNP Assurances and Assicurazioni Generali were both downgraded to 'A+' and 'A' respectively, while the outlooks for AXA…
Jan 31, 2012
In "Industry News"
Standard & Poor's Ratings Services has raised its ratings on Dublin-based, Allianz Worldwide Care to 'A+' from 'A'. The outlook is stable. The upgrade reflects AWC's sound track record of strong and stable underwriting and operating performance. Its five-year average net combined ratio is 96.2% (2007-2011) and the volatility level…
Oct 8, 2012
In "Industry News"
Comments
comments
