Print

All News

A.M. Best affirms and upgrades ART ratings

The worldwide rating agency A.M. Best today affirmed the ‘A’ financial strength rating (‘FSR’) of Allianz Risk Transfer AG (ART) and upgraded the company’s issuer credit rating to “a+”. The outlook on both ratings is ‘stable’.

The change is only in respect of ART’s issuer credit rating, which is A.M.Best’s opinion of an entity’s ability to meet its ongoing ‘senior’ financial obligations (i.e. those loans and other commitments which have priority over other financial obligations). ART received the upgrade from “a” to “a+” to this issuer credit rating for its strong risk-adjusted capitalization and its strategic importance as the dedicated alternative risk transfer unit of AGCS and Allianz Group.

ART’s consolidated risk-adjusted capitalization increased in 2011 and is expected to remain strong into 2013. A.M. Best further noted ART’s solid risk management framework and extensive reinsurance program as further justification for the upgrade. The upgrade was announced by A.M. Best in a news release today, available on the A.M. Best website.

ART’s financial strength rating of A (Excellent) remains unchanged. This rating is A.M.Best’s opinion of ART’s financial strength and ability to meet its ongoing insurance policy and contract obligations. Financial strength rating is the most commonly quoted rating measure for insurance companies.

A.M. Best determines its ratings using the Best’s Credit Rating Methodology.

 

About Allianz Global Corporate & Specialty

Disclaimer