Best Affirms Munich Re Group

The “A++” FSR of Munich Reinsurance Co. was affirmed by A.M. Best. The rating action also applies to the company’s core reinsurance subsidiaries, including American Re-Insurance Company and its affiliates. Munich American Reassurance Company’s “A+” FSR is under review with positive implications. Additionally, the “aaa” senior debt rating of Munich Re was affirmed, and an initial “aa” senior debt rating to American Re Corporation and an “aa-” rating to the trust preferred securities issued by American Re Capital I were assigned.