- Language: English
- Published: October 2012
- Region: Germany
Summary: Munich Re Group Sep 10
- Published: September 2010
- Standard & Poors
The ratings on Germany-based global reinsurer Munich Reinsurance Co. and its related core entities (collectively, Munich Re) reflect the group's very strong competitive position, very strong capitalization and financial flexibility, and strong enterprise risk management (ERM), in Standard & Poor's Ratings Services' view. These factors are partly offset by the group's operating performance, which, although strong and resilient, is in our view a relative weakness for the rating, as well as by the unfavorable risk-return profile of Munich Re's domestic primary life insurance business. We view Munich Re's competitive position as very strong. Munich Re's competitive strength is predominantly founded on the group's position as a leading global reinsurer in property/casualty and life reinsurance, with a highly recognizable brand, superior...
Companies mentioned in this report are: Munich Reinsurance Co.
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Munich Reinsurance Co.