- Language: English
- Published: August 2012
- Region: Africa, South Africa
Research Update: Munich Mauritius Reinsurance Co. Ratings Raised To 'A'; Outlook Stable Feb 09
- Published: February 2009
- Region: Mauritius
- Standard & Poors
On Feb. 10, 2009, Standard & Poor's Ratings Services raised its counterparty credit and insurer financial strength ratings on Mauritius-based reinsurer Munich Mauritius Reinsurance Co. Ltd. (Munich Re Mauritius) to 'A' from 'BBB'. The outlook is stable. The upgrade is based on the extensive reinsurance support offered by both the ultimate parent Munich Reinsurance Co. (AA-/Stable) and immediate parent Munich Reinsurance Co. of Africa Ltd. (A/Stable). Stand-alone characteristics which benefit the ratings include strong operating performance and good capitalization. These positive factors are offset to a limited extent, however, by Munich Re Mauritius' exposure to a number of potentially volatile business and political environments across the African continent. Munich Re Mauritius benefits from a significant quota-share placed with the group,...
Companies mentioned in this report are: Munich Mauritius Reinsurance Co. Ltd.,Munich Reinsurance Co.,Munich Reinsurance Co. of Africa Ltd.
Action: Outlook: Stable
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Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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Munich Mauritius Reinsurance Co. Ltd.,Munich Reinsurance Co.,Munich Reinsurance Co. of Africa Ltd.