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.
Was this article valuable?
Here are more articles you may enjoy.
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
NAIC Victim of Cyber Incident Via PeopleSoft System 
PE-Backed Insurance Broker Hub International Files Confidentially for US IPO 
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles From This Issue
