The ratings of HLRA’s parent, Hannover Rueck SE (Hannover Re), have been extended to HLRA and reflect its role as a key global operating subsidiary of Hannover Re. HLRA markets life reinsurance solutions in
The ratings also reflect HLRA’s strong risk-adjusted capital position, which benefits from the significant use of internal reinsurance with affiliates, good statutory operating performance and relatively diverse business model. HLRA continues to be recognized as one of the market leaders in acquiring in-force blocks of business and providing capital management solutions to the life, health and
Offsetting rating factors include the potential for future volatility in HLRA’s statutory operating performance and balance sheet metrics. HLRA operates a transaction-oriented business model supported by the use of affiliate retrocession, which can result in fluctuating financial results.
Positive rating actions for HLRA could occur if
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