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ASR Nederland Group Nov 11
Standard & Poors, November 2011
Strong competitive position. Strong investments. Supportive government ownership, albeit temporary. Strong operating performance, but not in line with the rating. The ratings on the core operating entities of Netherlands-based multiline insurer ASR Nederland N.V. (ASR Nederland group, ASR, or the group) reflect Standard & Poor's Ratings Services' view that the group benefits from a strong competitive position, strong investments, and supportive (if temporary) government ownership. These factors are tempered by an operating performance that, although strong, is not in line with the rating. In our view, the group's competitive position is strong, benefitting from a diversified product range and distribution through generalist and niche brands. ASR is the third-largest insurer by gross premium written (GPW) in the Dutch combined life...
Companies mentioned in this report are: ASR Nederland N.V.,ASR Schadeverzekering N.V.,ASR Levensverzekering N.V.
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
ASR Nederland N.V.,ASR Schadeverzekering N.V.,ASR Levensverzekering N.V.