On Oct. 1, 2004, Standard & Poor's Ratings Services affirmed its 'A+' counterparty credit and insurer financial strength ratings on the core entities of Germany-based primary insurance group ERGO. At the same time, Standard & Poor's affirmed its 'A-' counterparty credit rating on ERGO Versicherungsgruppe AG (ERGO AG), the holding company of ERGO, which is majority owned by Munich Re group (Munich Reinsurance Co.; A+/Stable/--). The outlook is negative. The affirmations follow Standard & Poor's regular review of ERGO. The core entities include VICTORIA Lebensversicherung AG (Victoria Leben), VICTORIA Versicherung AG, Hamburg-Mannheimer Versicherungs-AG, Hamburg-Mannheimer Sachversicherungs-AG, and DKV Deutsche Krankenversicherung AG. The rating affirmation reflects the ongoing core status of ERGO AG and its main operating subsidiaries to Munich Re as...
Companies mentioned in this report are: ERGO Versicherungsgruppe AG,Munich Reinsurance Co.,Hamburg-Mannheimer Sachversicherungs-AG,ERGO Versicherung AG,ERGO Lebensversicherung AG,Victoria Lebensversicherung AG,DKV Deutsche Krankenversicherung AG
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Product Type: Research Update
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ERGO Versicherungsgruppe AG,Munich Reinsurance Co.,Hamburg-Mannheimer Sachversicherungs-AG,ERGO Versicherung AG,ERGO Lebensversicherung AG,Victoria Lebensversicherung AG,DKV Deutsche Krankenversicherung AG