Posted on 16703
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Société Hospitalière d’Assurances Mutuelles (Sham) (France). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Sham’s balance sheet strength, which AM Best categorises as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
Sham’s balance sheet strength is underpinned by its risk-adjusted capitalisation, which is at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR). AM Best expects Sham’s risk-adjusted capitalisation to remain at the strongest level through the medium term. The company benefits from a liquid investment portfolio composed of high quality assets and a history of prudent reserving. Offsetting factors in the assessment include a high
AM Best Affirms Credit Ratings of Société Hospitalière d Assurances Mutuelles
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Société Hospitalière d Assurances Mutuelles (Sham) (France). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Sham s balance sheet strength, which AM Best categorises as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
Sham s balance sheet strength is underpinned by its risk-adjusted capitalisation, which is at the strongest level, as measured by Best s Capital Adequacy Ratio (BCAR). AM Best expects Sham s risk-adjusted capitalisation to remain at the strongest level through the medium term. The company benefits from a liquid investment portfolio composed of high quality assets and a history of prudent reserving. Offsetting factors in the assessment include a high dependenc
Generali Deutschland Versicherung AG
Generali Deutschland Lebensversicherung AG
The following Long-Term IRs have been affirmed with a stable outlook:
Assicurazioni Generali S.p.A.
“a” on EUR 1,750 million 5.125% senior unsecured notes, due 2024
“a-” on EUR 1,250 million 5.5% fixed/floating rate senior dated subordinated notes, due 2047 (callable in 2027)
“a-” on EUR 850 million 5% fixed/floating rate senior dated subordinated notes, due 2048 (callable in 2028)
“a-” on EUR 1,000 million 4.125% fixed rate senior dated subordinated notes, due 2026
“a-” on EUR 1,250 million 7.75% fixed/floating rate senior subordinated notes, due 2042 (callable in 2022) (of which EUR 467 million remains outstanding)
“a-” on EUR 750 million 10.125% fixed/floating rate senior subordinated notes, due 2042 (callable in 2022) (of which EUR 302 million remains outstanding)
Posted on 20045
AM Best has affirmed the Financial Strength Rating of “A” (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Covéa Coopérations (Covéa Coop) (France), which is the intermediate holding company and the principal inward reinsurance vehicle for Société de Groupe d’Assurance Mutuelle Covéa
(Covéa SGAM). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Covéa SGAM’s balance sheet strength, which AM Best categorises as strongest, as well as its adequate operating performance, favourable business profile and appropriate enterprise risk management.
Covéa SGAM’s balance sheet strength assessment is underpinned by risk-adjusted capitalisation at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR), as well as a liquid and conservative investment portfolio and prudent reserving practices. As an affiliation of mutuals, Covéa SGAM d
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