A.M. Best Affirms Credit Ratings of Munich Reinsurance Company and Most of Its Subsidiaries
The ratings reflect Munich Re’s balance sheet strength, which
Munich Re’s balance sheet strength is underpinned by risk-adjusted capitalisation which, measured by Best’s Capital Adequacy Ratio, exceeds the level required to support the strongest assessment.
The group’s operating performance is strong, demonstrated by a five-year average return on equity of 8.5% (2013-2017). In 2017, Munich Re reported a profit of
Munich Re is a leading global reinsurer. Its business profile benefits from excellent diversification, with the performance of its various life, health, P/C operations largely uncorrelated. The group’s strong global franchise, superior access to clients and considerable expertise provide some insulation against intensely competitive conditions in the P/C reinsurance market.
The FSR of A+ (Superior) and the Long-Term ICRs of “aa” have been affirmed with a stable outlook for
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Great Lakes Insurance SE -
New Reinsurance Company Ltd. -
Munich Reinsurance America, Inc. -
The Princeton Excess & Surplus Lines Insurance Company -
American Alternative Insurance Corporation -
Munich American Reassurance Company -
Munich Reinsurance Company of Canada -
Temple Insurance Company -
American Modern Surplus Lines Insurance Company -
American Family Home Insurance Company -
American Modern Home Insurance Company -
American Modern Insurance Company of Florida, Inc. -
American Modern Lloyds Insurance Company -
American Modern Select Insurance Company -
American Southern Home Insurance Company -
American Western Home Insurance Company -
American Modern Property and Casualty Insurance Company - Munich Re of
Bermuda, Ltd.
The following Long-Term IRs have been affirmed with a stable outlook:
— “aa-” on
— “a+” on
— “a+” on
— “a+” on
— “a” on
— “a+” on
— “a+” on
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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