AGCS Re Brazil maintains excellent rating

Allianz Global Corporate & Specialty's Brazilian Reinsurance division maintains its excellent rating due to its strong performance.

AM Best maintains São Paulo-based Allianz Global Corporate & Specialty Resegros Brasil SA (AGCS ReBrasil)'s financial strength rating of 'A+ (superior)' and long-term issuer credit rating of 'aa' (superior) are doing. The rating agency has given the rating outlook as stable.

The rating agency believes that this result reflects the strength of its underlying balance sheet, solid operating results, very favorable operating condition, and appropriate corporate risk management practices within the Allianz SE (Allianz) family. He suggested that it indicates the role of AGCS Re Brazil.

The stable outlook is supported by AM Best's expectation that AGCS Re Brazil's risk-adjusted capitalization will continue to be classified as one of the best, strengthened by the company's capital management and financial agility. AM Best noted that Allianz is poised to maintain its position as a dominant force in the international insurance market due to its stable operational performance.

The integration of AGCS Re Brazil's operational and administrative functions with Allianz has historically aligned with and strengthened the Group's overarching strategy, facilitating its entry into the Brazilian reinsurance market. The company expands its footprint in Latin America, leveraging its position as a regional hub to leverage commercial and operational prospects, as well as synergies with Allianz's retail operations in Brazil, Argentina, Colombia and Mexico. I'm planning on doing it.

The company's operating performance has been characterized by consistently good financial results due to its diversified business mix.

AM Best expects the company's total risk-adjusted capital to remain strong, supported by internal excess loss reinsurance contracts and stop-loss policies.

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