AM Best turns positive on Hannover Re
Ratings agency AM Best has affirmed Hannover Re’s financial strength rating of A and upped the rating's outlook to positive from stable. Best also has upgraded the firm’s issuer credit rating (ICR) to “a+” from “a”.
Best said it expects that Hannover Re is likely to achieve excellent earnings in 2008, which will further improve its consolidated risk-adjusted capitalization, although offsetting factors remain the
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