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.
Amish Mother and 6 Children Killed in Explosion and Fire at Pennsylvania Home 
‘The Arms Race Is On’: Chubb’s Greenberg on Mythos, Middle East 
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit 
