A.M. Best Affirms Credit Ratings of N.V. Univé Her
The ratings reflect Univé Her’s balance sheet strength, which
Univé Her’s risk-adjusted capitalisation remains at the strongest level, although the company’s exposure to catastrophe losses has the potential to introduce volatility, which is viewed as an offsetting element to the balance sheet strength assessment.
Univé Her’s adequate operating performance is underpinned by solid technical profitability, evidenced by a five-year (2013-2017) average combined ratio of 77.1%. However, the nature of business underwritten, primarily property catastrophe business, has historically introduced volatility in results. Investment income has provided a stable, albeit relatively modest, source of earnings, with a five-year (2013-2017) average return of 2.2%, reflective of the company’s low risk and very liquid investment portfolio.
Univé Her’s business profile benefits from its unique role as the main reinsurer for the Univé mutuals, which have a well-established footprint in
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
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Rishwinder Grewal, +44 20 7397 0321
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