Above-market-average business growth in primary operations Very strong group capitalization and very low financial leverage Sound earnings contributions from subsidiaries Ability to generate cash flows from third-party reinsurance business and related investments Non-life earnings not fully indicative of competitive profile Overproportional exposure to competitive German motor market The ratings on R+V Versicherung AG (RVV) reflect its role as the reinsurer and holding company of Germany-based R+V primary insurance group (R+V). The ratings on RVV are derived from its ownership in its sizable primary insurance operations, which Standard&Poor's Ratings Services views as a core part of the German co-operative banking sector. Standard&Poor's considers the co-operative banking sector as a single economic group. RVV is 74%-owned by DZ
RESEARCH R+V Versicherung AG Publication date: 12-Sep-2007 Primary Credit Analyst: Ralf Bender, CFA, Frankfurt (49) 69-33-999-194; ralf_bender@standardandpoors.com Secondary Credit Analyst: Wolfgang Rief, Frankfurt (49) 69-33-999-190;...
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Summary: R+V Versicherung AG – 2008/09/12 – US$ 225.00
R+V Versicherung AG – 2008/09/12 – US$ 500.00
Summary: R+V Versicherung AG – 2009/08/25 – US$ 225.00
R+V Versicherung AG – 2009/08/25 – US$ 500.00
R+V Versicherung AG – 2010/09/09 – US$ 500.00
Summary: R+V Versicherung AG – 2007/09/12 – US$ 225.00
R+V Versicherung AG – 2006/12/18 – US$ 500.00
Summary: R+V Versicherung AG – 2006/12/18 – US$ 225.00
Germany's R+V Versicherung AG 'A+' Ratings Affirmed On Strong Fundamentals; Outlook Stable – 2006/08/25 – US$ 150.00
Research Update: Germany's R+V Versicherung AG 'A+' Ratings Affirmed On Strong Fundamentals; Outlook Stable – 2006/08/25 – US$ 225.00
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