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Allianz Life Insurance Co. of North America And Allianz Life Insurance Co. of New York Sep 11
Standard & Poors, Sep 2011
Abstract
Strong support from parent company, Allianz SE (AZSE). Market-leading position in the fixed indexed annuity (IA) and diversified distribution system Heavy focus on spread-based annuities sold through independent distribution channel Significant exposure in commercial mortgage-loan portfolio, as measured by our capital-model stressed scenarios Standard & Poor's Ratings Services' financial strength ratings on Allianz Life Insurance Co. of North America and Allianz Life Insurance Co. of New York (collectively Allianz Life) reflect our view that the company is a core subsidiary to AZSE, a highly rated, world-leading insurer. The ratings also reflect our view that Allianz Life has a strong competitive position, driven by its consistent marketing-leading position in IA, reflecting its ability to price products competitively. The company's broad, well-established,...
Companies mentioned in this report are: Allianz Life Insurance Co. of North America,Allianz SE,Allianz Life Insurance Co. of New York
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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