Along with its earnings announcement (See previous article), Germany’s Hannover Re said it intends to place a subordinated debt offering on the European capital market via its subsidiary Hannover Finance (Luxembourg) S.A. The subordinated debt issue will be offered as …
The Paris office of Standard & Poor’s Ratings Services announced that it has affirmed its “A” long-term counterparty credit and insurer financial strength ratings on Casiopea Re S.A., the wholly owned Luxembourg-based reinsurance affiliate of Spanish telecommunications provider Telefónica S.A. …
A.M. Best Co. has affirmed the financial strength rating of B++ (Very Good) and has upgraded the issuer credit rating to “bbb+” from “bbb” of Electro Re SA (Luxembourg). The outlook is stable. The rating action reflects Electro Re’s excellent …
A.M. Best Co. announced that it has affirmed the financial strength ratings of “A” (Excellent) and the issuer credit ratings of “a” of the operating companies of Germany’s GE Frankona Group. All the ratings have been removed from under review …
Standard & Poor’s Ratings Services announced that it has placed its “A” long-term counterparty credit and insurer financial strength ratings on Casiopea Re S.A. on CreditWatch with negative implications. “Casiopea Re is the wholly owned, Luxembourg-based reinsurance affiliate of Spanish …
A.M. Best Co. announced that it has affirmed the “A” (Excellent) financial strength rating of West of Luxembourg-based England Ship Owners Mutual Association (WOE) with a stable outlook. Best said it “regards WOE’s risk-adjusted capitalisation as excellent and believes this …
A.M. Best Co announced that it has placed the financial strength ratings of “A” (Excellent) of the operating companies of the GE Frankona Group under review with negative implications. “This rating action follows the placement of its parent, Employers Reinsurance …
A.M. Best Co. announced that it has affirmed the “A” (Excellent) financial strength rating of German reinsurer Hannover Rückversicherung AG (Hannover Re) and its core subsidiaries. At the same time Best also affirmed, the “bbb+” ratings on the subordinated debt …
A.M. Best Co. announced that it has downgraded the financial strength rating to “B++” (Very Good) from “A-” (Excellent) of Bermuda-based Elwood Insurance Limited, a single parent captive of CNA Holdings Inc, and has placed the rating under review with …
