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Article: A.M. Best Affirms Rating of Assurances Generales de France.
- Article from:
- Business Wire
- Article date:
- November 14, 2003
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Business Editors
OLDWICK, N.J.--(BUSINESS WIRE)--Nov. 14, 2003
A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Assurances Generales de France (AGF) and its core subsidiaries. (See list below.) The outlook is negative.
The rating reflects AGF's core status to its ultimate parent, Allianz AG, its excellent business profile and improving operating performance. An offsetting factor is the decline in risk-adjusted capitalisation.
Excellent business profile -- AGF has a leading domestic position. In the non-life sector, AGF is the third-largest player with strong premiums growth largely due to rate increases and ...