HDI Verzekeringen N.V. Aug 05
- ID: 2024879
- August 2005
- Standard & Poors
Record of strong operating results based on strong underwriting capabilities; Strong competitive position; and Strong capitalization and additional financial flexibility provided by the parent. Concentration on the small and potentially volatile Dutch industrial market. Netherlands-based HDI Verzekeringen N.V. (HDI N.V.) is one of the few major commercial lines writers in the Dutch insurance market. It forms part of the leading German industrial insurer HDI Haftpflichtverband der Deutschen Industrie VaG (HDI VaG; AA-/Stable/--) and is intermediately held via Talanx AG (A/Stable/--). The ratings are based on Standard & Poor's view that HDI N.V.'s has increasingly developed into a strategically important subsidiary for the HDI group. The ratings also benefit from HDI N.V.'s track record of strong operating results based on its...
Companies mentioned in this report are:
- HDI-Gerling Verzekeringen N.V.
- Hannover Rueck SE
- HDI Haftpflichtverband der Deutschen Industrie VaG
- Talanx AG
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