Financial strength ratings
A.M. Best and Standard & Poor’s, the rating agencies of particular relevance to the insurance industry, assess the financial strength of Hannover Re on the basis of an interactive rating process and have awarded it very good ratings. The rating agencies highlight in particular the strength of the Hannover Re Group’s competitive position, its capitalisation and its risk management.
| Financial strength ratings of the Hannover Re Group | ||
|---|---|---|
| Standard & Poor's | A.M.Best | |
| Rating | AA -(very strong) | A (excellent) |
| Outlook | stable | positive |
| Financial strength ratings of subsidiaries | ||
|---|---|---|
| Standard & Poor's | A.M. Best | |
| 1 Subsidiaries of Clarendon Insurance Group, Inc., Wilmington/USA | ||
| Clarendon America Insurance Co.1 | - | A - |
| Clarendon National Insurance Co.1 | - | A - |
| Clarendon Select Insurance Co.1 | - | A - |
| E+S Rückversicherung AG | AA - | A |
| Hannover Life Reassurance Africa Ltd. | A | - |
| Hannover Life Reassurance Bermuda Ltd. | AA - | A |
| Hannover Life Reassurance Company of America | AA - | A |
| Hannover Life Reassurance (Ireland) Ltd. | AA - | A |
| Hannover Life Reassurance (UK) Ltd. | AA - | A |
| Hannover Life Re of Australasia Ltd | AA - | - |
| Hannover Reinsurance Africa Ltd. | A | - |
| Hannover Re (Bermuda) Ltd. | AA - | A |
| Hannover Reinsurance (Ireland) Ltd. | AA - | A |
| Hannover ReTakaful B.S.C. (c) | A | - |
| Harbor Specialty Insurance Co.1 | - | A - |
| International Insurance Company of Hannover Ltd. | AA - | A |
Issue ratings of issued debt
As part of the process of rating Hannover Re the rating agencies also assess the debt issued by the Hannover Re Group.
All of our bonds issued by Hannover Finance (Luxembourg) S.A. are rated “a” by A.M. Best and “A” by Standard & Poor’s.