Standard & Poor’s (S&P) affirmed its “AAA” counterparty credit and insurer financial strength ratings on entities of both the Munich Reinsurance Group and the Allianz Group. The affirmation followed the companies’ announced plan to decrease their mutual cross-shareholdings from 25 percent to 20 percent over the next three years. The outlooks are stable.
Was this article valuable?
Here are more articles you may enjoy.
AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
Vehicle Complexity Complicates Auto Valuation, Says JD Power 
Albertsons Reaches $774 Million Opioid Accord, Records Loss From This Issue
