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
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