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Research Update: Hannover Rueckversicherung AG And Core Entities 'AA-' Ratings Affirmed; Outlook Stable Oct 08 Product Image

Research Update: Hannover Rueckversicherung AG And Core Entities 'AA-' Ratings Affirmed; Outlook Stable Oct 08

  • Published: October 2008
  • Standard & Poors

Abstract
On Oct. 24, 2008, Standard & Poor's Ratings Services affirmed its 'AA-' long-term counterparty credit and insurer financial strength ratings on Germany-based reinsurer Hannover Rueckversicherung AG and its core entities, Hannover Re Bermuda Ltd., E+S Rueckversicherungs AG, E+S Reinsurance (Ireland) Ltd., Hannover Reinsurance (Ireland) Ltd., Hannover Reinsurance (Dublin) Ltd., and International Insurance Co. of Hannover Ltd., collectively referred to as Hannover Re, which are majority owned by Germany-based Talanx AG (Talanx; core insurance operating entities rated A+/Stable/--). The outlook is stable. The affirmation reflects our opinion that the fundamentals supporting Hannover Re's long-term financial strength remain robust despite the sharp deterioration in third-quarter earnings (and likely in full-year results) announced this week because of continued turmoil in the capital markets...

Companies mentioned in this report are: Hannover Rueckversicherung AG,E+S Rueckversicherung AG,International Insurance Co. of Hannover Ltd.,Hannover Finance Inc.,Hannover Reinsurance (Ireland) Ltd.,E+S Reinsurance (Ireland) Ltd.,Talanx AG,Hannover Finance (Luxembourg) S.A.,Hannover READ MORE >

Hannover Rueckversicherung AG,E+S Rueckversicherung AG,International Insurance Co. of Hannover Ltd.,Hannover Finance Inc.,Hannover Reinsurance (Ireland) Ltd.,E+S Reinsurance (Ireland) Ltd.,Talanx AG,Hannover Finance (Luxembourg) S.A.,Hannover Re Bermuda Ltd.

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