MILAN (Standard&Poor's) Oct. 3, 2007--Standard&Poor's Ratings Services said today that it withdrew its 'AA' long-term counterparty credit and insurer financial strength ratings on Italy-based composite insurer Lloyd Adriatico SpA . Standard&Poor's also withdrew its 'BBBpi' (unsolicited) long-term counterparty credit and insurer financial strength ratings on Allianz Subalpina SpA. At the same time, Standard&Poor's affirmed its 'AA' long-term counterparty credit and insurer financial strength ratings on Italy-based insurer Allianz SpA, (formerly Riunione Adriatica di Sicurtà SpA). The outlook is stable. "The rating actions follow the restructuring of the Italian operations of Germany-based Allianz SE, legally effective Oct. 1, 2007," said Standard&Poor's credit analyst Paola Del Curatolo. After the hive-down of the
