Generali, AM Best affirms rating A and outlook stable
28 October 2016 - 19:00
Trieste – AM Best announced today that it has affirmed Generali’s FSR rating at A (Excellent). Concurrently the rating agency has affirmed the ratings of debt instruments issued or guaranteed by Generali. The outlook remains Stable.
AM Best said that “the ratings reflect the group’s very strong business position in continental Europe, resilient operating performance, and improving risk-adjusted capitalisation”. In AM Best view, “as one of the largest insurers in Europe, Generali has a very strong franchise in both life and non-life insurance within its core markets, namely Italy, Germany and France, which contributed over 70% of gross written premium (GWP) in 2015. Generali also has a prominent market position in Central and Eastern Europe (CEE) where the group operates via its wholly owned subsidiary, Generali CEE Holding B.V.”.