AM Best Upgrades Issuer Credit Ratings of Zurich Insurance Group Ltd and Its Main Rated Subsidiaries [Yahoo! Finance]
ZURICH INS GROUP S/ADR (ZURVY)
NASDAQ:AMEX Investor Relations:
zurich.com/en/investor-relations
Company Research
Source: Yahoo! Finance
affirmed the Financial Strength Ratings (FSR) of A+ (Superior) of the main rated insurance subsidiaries of Zurich Insurance Group Ltd (Zurich) (Switzerland). At the same time, AM Best has upgraded the Long-Term ICR to "a+" (Excellent) from "a" (Excellent) of Zurich, a non-operating holding company. The outlook of the Long-Term ICR has been revised to stable from positive, whilst the outlook of the FSR is stable. The Credit Ratings (ratings) reflect Zurich's consolidated balance sheet strength, which AM Best assesses as very strong, as well as the group's strong operating performance, very favorable business profile and appropriate enterprise risk management. The upgrades for the Long-Term ICRs reflect the continued resilience of the group's balance sheet strength, underpinned by excellent financial flexibility, and strong operating returns from its diverse profit centres. Over the past several years, the group's pricing actions, risk selection and natural catastrophe exposure mana
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