Standard & Poor’s has reaffirmed the AA- stable outlook rating of Allianz Insurance.
The Standard & Poor’s report includes the following statement:
‘Allianz U.K. is expected to remain a strategically important subsidiary of Allianz SE. Based on Standard & Poor’s projections, we anticipate that the company will deliver a net combined ratio below 100% for 2009 and 2010 and strong capital adequacy based on Standard & Poor’s risk-based capital model over the same period.’
Group communications manager, Mark Bishop, said: “In these difficult economic times, this independent confirmation of our financial strength and stability should provide great confidence to business partners and customers.”