Hannover Re Reorganizing U.S. Business with Praetorian Launch; S&P Ratings and Comments

March 8, 2006

  • March 8, 2006 at 9:09 am
    dot_hemath says:
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    Third paragraph says S&P lowered Clarendon to BBB+ (understandable as it is now a runoff company), but affirmed A+ on the operating subs of PFG.

    In the sixth paragraph it says S&P ssigned a BBB+ to PFG, which reflects the ratings on its operating subsidiaries.

    Please explain.

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