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Article: A.M. Best Lowers Two Allianz Suisse Companies.
- Article from:
- Business Wire
- Article date:
- January 20, 2003
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Business Editors
OLDWICK, N.J.--(BUSINESS WIRE)--Jan. 20, 2003
A.M. Best Co. has lowered the financial strength ratings of Allianz Suisse Versicherungs-Gesellschaft and Allianz Suisse Lebensversicherungs-Gesellschaft -- both referred to as Allianz Suisse -- to A+ (Superior) from A++ (Superior). At the same time A.M. Best has removed from both companies the under review status with negative implications. The outlook is negative.
These rating actions reflect A.M. Best's view that Allianz Suisse is no longer core to its ultimate parent company Allianz AG. Additional rating factors include Allianz Suisse's strong overall business position in the ...