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.
California Governor Signs Act to Create Smoke Damage Presumption 
Ryan Specialty Unit Withdraws Protest Over FL Commercial Clearinghouse Contract 
Morgan & Morgan Plans to Spend $1B on AI Platform in Coming Years 
Lemonade $10.5 Million Settlement Over License Number Data Breach Approved From This Issue
