SandP rating raised for Allianz

An Allianz Cornhill Insurance plc product story
Edited by the Insidemoneytalk editorial team Jul 25, 2007

After sustained strong financial performance in recent years, the ratings of Allianz Insurance and Allianz SE have been raised by Standard and Poor's to AA- and AA respectively

Commenting on Standard and Poor's announcement, Andrew Torrance, CEO of Allianz Insurance, said: "We are delighted with this ratings upgrade".

"It is testimony to the continued good results, strong capital position, robust risk management and hard work by our employees in both our UK operations and the global group." For Allianz Insurance, the full ratings are: AA-/stable from A+/stable for the counterparty credit ratings and insurer financial strength ratings.

For Allianz SE, the full ratings are: AA/stable from AA-/stable for the counterparty credit ratings and insurer financial strength ratings.

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