A.M. Best Co. announced that it has withdrawn the “A+” (Superior) financial strength rating (FSR) and the “aa-” issuer credit ratings (ICR) of Germany’s Bayerische Versicherungsbank AG and Frankfurter Versicherungs-AG following the completed merger with Allianz Versicherungs-AG.
“Subsequently, an NR-5 (Not Formally Followed) has been assigned to both companies, said Best.
“Allianz Versicherungs-AG’s A+ (Superior) FSR and “aa-” ICR remain unaffected by the recent transaction,” it concluded.
Was this article valuable?
Here are more articles you may enjoy.
AIG Completes CEO Succession Plan With Anderson to Take Reins 
Florida Woman Drives Elevated Pickup Over Lamborghini Sports Car in Parking Lot 
NYC Begins 10 Days of Flying Taxis With Manhattan-JFK Flights 
Florida Sunshine: Big Improvement in Combined Ratio in 2025, Gallagher Says 
