Research Update: HDI-Gerling America Insurance Co. 'A+' L-T Rating Assigned; Outlook Stable Dec 07
- ID: 2025028
- December 2007
- Region: America, United States
- Standard & Poors
On Dec. 11, 2007, Standard & Poor's Ratings Services assigned its 'A+' long-term counterparty credit and insurer financial strength ratings to HDI-Gerling America Insurance Co. (HG-America). The outlook is stable. The ratings reflect the classification of the company, which is fully owned by Germany-based HDI-Gerling Industrie Versicherung AG (HG-Industrie AG; A+/Stable/--) as core to Talanx AG (A-/Stable/--), the parent company of Talanx Primary Group (TPG). In Standard & Poor's view, HG-America is integral to TPG's strategy to maintain its strong competitive position in international programs with its globally operating European industrial line customers. HG-America's core status reflects the function to underwrite local policies in the U.S., predominantly within HG-Industrie AG's international programs in industrial lines with European clients. Most of...
Companies mentioned in this report are:
- HDI-Gerling America Insurance Co.
- Talanx AG
- HDI-Gerling Industrie Versicherung AG
Action: New Rating
Action: Outlook: Stable
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Product Type: Research Update
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