Global Multiline Insurer Zurich Outlook To Positive On Business Risk Profile Strengths; 'AA-/A-1+' Ratings Affirmed - S&P Global Ratings’ Credit Research

Global Multiline Insurer Zurich Outlook To Positive On Business Risk Profile Strengths; 'AA-/A-1+' Ratings Affirmed

Global Multiline Insurer Zurich Outlook To Positive On Business Risk Profile Strengths; 'AA-/A-1+' Ratings Affirmed - S&P Global Ratings’ Credit Research
Global Multiline Insurer Zurich Outlook To Positive On Business Risk Profile Strengths; 'AA-/A-1+' Ratings Affirmed
Published Oct 01, 2014
4 pages (1711 words) — Published Oct 01, 2014
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We have reviewed Switzerland-based global multiline insurer Zurich Insurance Co. Ltd.'s (ZIC's) economic capital model and now factor in quantitative credit in our overall assessment of capital adequacy. We now have greater confidence in the adequacy of the group's reserves for non-life long-tail lines, following our reserve review. As a result, we are increasingly confident in the strength and resilience of ZIC's profitability and business risk profile, relative to peers, and the sustainability of the group's very strong capital adequacy. We are therefore revising our outlook to positive from stable on the 'AA-' ratings on ZIC and its related core subsidiaries. FRANKFURT (Standard&Poor's) Oct. 1, 2014--Standard&Poor's Ratings Services today revised its outlook to positive from stable

  
Brief Excerpt:

...+ We have reviewed Switzerland-based global multiline insurer Zurich Insurance Co. Ltd.'s (ZIC's) economic capital model and now factor in quantitative credit in our overall assessment of capital adequacy. + We now have greater confidence in the adequacy of the group's reserves for non-life long-tail lines, following our reserve review. + As a result, we are increasingly confident in the strength and resilience of ZIC's profitability and business risk profile, relative to peers, and the sustainability of the group's very strong capital adequacy. + We are therefore revising our outlook to positive from stable on the '##-' ratings on ZIC and its related core subsidiaries. FRANKFURT (Standard & Poor's) Oct. 1, 2014--Standard & Poor's Ratings Services today revised its outlook to positive from stable on Switzerland-based global multiline insurer Zurich Insurance Co. Ltd. (ZIC) and its related core subsidiaries. At the same time, we affirmed our '##-' long-term and 'A-1+' short-term counterparty...

  
Report Type:

Ratings Action

Ticker
1010Q@SW
Issuer
GICS
Multi-line Insurance (40301030)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Global Multiline Insurer Zurich Outlook To Positive On Business Risk Profile Strengths; 'AA-/A-1+' Ratings Affirmed" Oct 01, 2014. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Global-Multiline-Insurer-Zurich-Outlook-To-Positive-On-Business-Risk-Profile-Strengths-AA-A-1-Ratings-Affirmed-1362295>
  
APA:
S&P Global Ratings’ Credit Research. (). Global Multiline Insurer Zurich Outlook To Positive On Business Risk Profile Strengths; 'AA-/A-1+' Ratings Affirmed Oct 01, 2014. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Global-Multiline-Insurer-Zurich-Outlook-To-Positive-On-Business-Risk-Profile-Strengths-AA-A-1-Ratings-Affirmed-1362295>
  
US$ 150.00
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