Ratings

Insurance financial strength/Claims paying ability ratings

Assessment of an insurance company's ability to meet its obligations towards policyholders.

For many years Munich Re has been one of the reinsurers awarded good ratings by the leading rating organizations:

Ratings of the Munich Re
Rating agency Rating Outlook Last modification
A.M. Best A+ (Superior) stable 7 September 2007
Fitch AA– (Very strong) stable 19 July 2005
Moody's Aa3 (Excellent) stable 17 March 2005
Standard & Poor's AA– (Very strong) stable 22 December 2006
Subsidiary of reinsurance group
  A.M. Best Fitch Moody's S&P
American Alternative Insurance Corporation A+     AA–
American Modern Insurance Group A+      
Great Lakes Reinsurance (UK) PLC A+     AA–
Münchener Rück do Brasil Resseguradora S.A.     A3  
Münchener Rück Italia S.p.A. A+     AA–
Munich American Reassurance Company A+     AA–
Munich Mauritius Reinsurance Co. Ltd.       BBB
Munich Re Life E.E.C.A.     A2  
Munich Re of Malta PLC       AA–
Munich Reinsurance America, Inc. A+ AA– Aa3 AA–
Munich Reinsurance Company of Africa Ltd.       A
Munich Reinsurance Company of Australasia       AA–
Munich Reinsurance Company of Canada A+     AA–
Neue Rückversicherungs-Gesellschaft A+     AA–
Princeton Excess and Surplus Lines Insurance Company A+     AA–
Sterling Life Insurance Company A–      
Temple Insurance Company A      
Subsidiary of primary insurance group
  A.M. Best Fitch Moody's S&P
D. A. S. Legal Insurance Co. Ltd.       A
DKV Deutsche Krankenversicherung Aktiengesellschaft   AA-   AA–
ERGO Previdenza SpA   A    
Hamburg-Mannheimer Sachversicherungs-AG       AA–
Hamburg-Mannheimer Versicherungs-Aktien-Gesellschaft   AA- Aa3 AA–
KarstadtQuelle Lebensversicherung Aktiengesellschaft       A+
VICTORIA Lebensversicherung Aktiengesellschaft   AA- Aa3 AA–
VICTORIA Versicherung Aktiengesellschaft       AA–
Vorsorge Lebensversicherung AG   A+    
ERGO Versicherungsgruppe AG has been graded by S&P as A (counterparty credit rating).