A.M. Best Co. has commented that the financial strength rating of “B++” (Good) and the issuer credit rating of “bbb” of Germany’s Wurttembergische und Badische Versicherungs-AG (WUBA) remain unchanged following the announcement that a subsidiary of American International Group Inc (AIG) intends to acquire the company from entities associated with J.C. Flowers & Co. LLC ( See IJ web site Aug. 10). Best said it would “review any prospective rating enhancement from WUBA being a member of AIG once WUBA has been fully integrated and A.M. Best has had the opportunity to discuss its future strategy in Germany with AIG’s management.”
Topics AIG
Was this article valuable?
Here are more articles you may enjoy.
New York State Has Budget Deal That Includes Auto Insurance Reforms: Gov. Hochul 
Travelers: Aging Workforce, New Employees Drive Complexity in Injury Claims 
Florida, Louisiana Insurer Safepoint Reveals 97% Revenue Surge in IPO filing 
Hedge Funds Make Their Move as Litigation Finance Assets Slump 
