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.
Topics Allianz
Was this article valuable?
Here are more articles you may enjoy.
Harvard Study Again Stirs the Pot on Demotech Ratings of Florida Carriers 
Grand Jury Indicts ‘Hole in Won’ Owner on Prize Insurance Fraud Charges 
US Dog-Related Injury Claims Hit $1.12 Billion in 2023: Triple-I, State Farm Report 
JPMorgan Client Who Lost $50 Million Fortune Faces Court Setback From This Issue
