Düsseldorf, 20 July 2023 – The rating agency Standard & Poor’s has confirmed its rating of “A+” with a stable outlook for the Deutsche Rück Group. The rating encompasses Deutsche Rückversicherung AG in Düsseldorf and Deutsche Rückversicherung Switzerland Ltd (DR Swiss) in Zurich.
Once again, the rating agency praised the Group’s particularly sustainable, solid capital base at “AAA” level, its strong competitive position and its secure earnings position, supported by risk-commensurate underwriting and an effective retrocession structure.
Standard & Poor’s also commended Deutsche Rück’s strategy of expanding its international business as a driver of further growth and diversification of the portfolio. Deutsche Rück has already entered the Latin American and Middle Eastern markets in recent years. Since the beginning of this year, the company has also underwritten standard property and casualty business in markets in South Asia, South-East Asia and East Asia.
Update: S&P has published its detailed rating report in December 2023.
