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Fitch Ratings has affirmed the “AA-” Financial Strength Ratings of Hannover Re and its subsidiary E+S Rückversicherung AG (E+S Re), while revising the outlook from stable to positive.
The rating reflects the group’s strong position in the German market, diversified business portfolio and consistent track record of profitability.
Fitch expects the reinsurer to maintain strong capitalization and financial performance over the next two years, despite challenging market conditions.
