Summary: ERGO Versicherungsgruppe AG Jan 08

  • ID: 2091786
  • January 2008
  • Standard & Poors
1 of 3

The ratings on the operating entities of Germany-based primary insurance group ERGO Versicherungsgruppe AG (collectively ERGO; core operating entities rated AA-/Stable/--) solely reflects their core status to Munich Reinsurance Co. (Munich Re; AA-/Stable/--). This status is based on ERGO's sizable contribution to Munich Re's premium income, a strong competitive position, and continued improvements in operating performance in line with Munich Re's expectations. These strengths are partially offset by the strategic challenge it faces to regain growth momentum and its relatively weaker competitive profile in individual life insurance, which is partly due to a lack of product innovation. ERGO represents an integral part of the Munich Re group's overall strategy. This is demonstrated by the growing integration of the primary insurance...

Companies mentioned in this report are: ERGO Versicherungsgruppe AG,Munich Reinsurance Co.
Action: Review

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 READ MORE >

Note: Product cover images may vary from those shown
2 of 3

ERGO Versicherungsgruppe AG,Munich Reinsurance Co.

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown


  • Quick Help: This Credit Rating Report will be emailed to you.


If you have a more general question about our products please try our


Our Clients

  • Fluidigm Corporation
  • Apple, Inc.
  • CEVA Santé Animale
  • Abbott Laboratories Ltd.
  • Merck Group
  • Allergan Inc.
  • Pfizer Inc.