Revaluation of Hannover Reinsurance Africa Ltd

The agency Standard & Poor's has raised its rating for the non-life insurer Hannover Reinsurance Africa Ltd from “BBB+” to “A” with stable outlook. This rating reflects the company's financial soundness as well as its excellent technical performance.
A.M. Best, on the other hand, has granted an “A-” (excellent) to Flagstone Reinsurance Africa Limited, formerly named Imperial Reinsurance Company Ltd (Imperial Re).