Standard & Poor’s (S&P) affirmed its “AAA” counterparty credit and insurer financial strength ratings on entities of both the Munich Reinsurance Group and the Allianz Group. The affirmation followed the companies’ announced plan to decrease their mutual cross-shareholdings from 25 percent to 20 percent over the next three years. The outlooks are stable.
Was this article valuable?
Here are more articles you may enjoy.
Accuweather: Winter Storm to Cause Up to $115B in Damage, Economic Losses 
Businesses Pressured to Respond to ICE While Becoming a Target 
Progressive Q4 Income Up 25%; CFO Sauerland to Retire in July 
Hot Sauce Company Sues Manufacturer Over Exploding Bottles From This Issue
