trending Market Intelligence /marketintelligence/en/news-insights/trending/lQ50p19Xu2SxpiGiQmGgtA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

S&P upgrades long-term ratings of Euler Hermes units

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report


Fintech Funding Flows To Insurtech In February

S&P upgrades long-term ratings of Euler Hermes units

S&P Global Ratings on Dec. 1 upgraded the long-term issuer credit and financial strength ratings of Euler Hermes Group SA units Euler Hermes? SA (NV), Euler Hermes North America Insurance Co. and Euler Hermes Reinsurance AG to AA from AA-, with a stable outlook.

The rating agency said the upgrade follows its revision of the Euler Hermes group's status to the Allianz Group to "core" from "strategically important," adding that it now rates Euler Hermes in line with Allianz's credit profile.

The revision came after Allianz said it intends to buy out Euler Hermes' minority shareholders, which, in Moody's view, demonstrates Allianz's commitment to integrate Euler Hermes into its operations more deeply, the agency said.

Euler Hermes SA's short-term counterparty credit rating was affirmed at A-1+.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.