The outlook of Zurich Financial Services (ZFS), the Switzerland-based holding company of the ZFS Group, was revised to stable from negative by S&P. Key factors in the rating action included the group’s improved nonlife operating performance and successful reduction of expense ratios. The revision also applies to Zurich Insurance Co., Zurich International (Bermuda) Ltd., ZCM Matched Funding Corp. and Zurich Capital Markets. S&P also affirmed its “AA” long-term counterparty credit rating on ZFS.
In related rating actions, the “AA+” long-term counterparty credit and financial strength ratings on the group’s core insurance subsidiaries and all other ratings on these entities were affirmed.
Topics Trends
Was this article valuable?
Here are more articles you may enjoy.
US P/C Insurers Post Best Q1 Underwriting Result In 17 Years 
Let Good Adjusters, Not Expensive Lawyers, Make the Difference on Claims, CEO Says 
Ford Recalls 668,000 2014 F-150 Pickup Trucks Over Transmission Issue 
Workers Sue Disney, Say They Were Wrongly Induced to Move to Florida From This Issue
