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+ (Superior) |
| Outlook | stable | stable |
| Financial strength ratings of subsidiaries |
| Standard & Poor's | A.M. Best |
|---|
| E+S Rückversicherung AG | AA– | A+ |
| Hannover Life Reassurance Africa Ltd. | BBB+ | – |
| Hannover Life Reassurance Bermuda Ltd. | AA– | A+ |
| Hannover Life Reassurance Company of America | AA– | A+ |
| Hannover Life Reassurance of Australasia Ltd. | AA– | – |
| Hannover Reinsurance Africa Ltd. | BBB+ | – |
| Hannover Re (Ireland) Ltd. | AA– | A+ |
| Hannover Re (Bermuda) Ltd. | AA– | A+ |
| Hannover ReTakaful B.S.C. ( c ) | A+ | – |
| International Insurance Company of Hannover SE | 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.
| Issue ratings of issued debt |
| Standard & Poor's | A.M. Best |
|---|
| Hannover Rück SE,
subordinated debt,
EUR 500 million; 2014 / undated | A | a |
| Hannover Finance
(Luxembourg) S.A.,
subordinated debt,
EUR 500 million; 2012 / 2043 | A | a+ |
| Hannover Finance
(Luxembourg) S.A.,
subordinated debt,
EUR 500 million; 2010 / 2040 | A | a+ |
| Hannover Finance
(Luxembourg) S.A.,
subordinated debt,
EUR 500 million; 2005 / undated | A | a |
