Fitch has upgraded Munich Re's rating

Fitch ratings has revised Munich Re's financial strength rating upwards from AA to AA- with a stable outlook.
With this revision, the rating agency confirms the strength of the German reinsurer and its outstanding level of capitalization.

With solid performance, especially in the property and casualty class of business, Munich Re still holds the first place in the global reinsurance market with 40.96 billion USD in premiums for the year 2014. The company net result stood at 3.9 billion USD.