Standard & Poor's Affirms Deutsche Rück Group's Rating

Standard & Poor's (S&P) has affirmed the “A+” rating with a stable outlook of the German reinsurer Deutsche Rück. The group has held this rating since 2016.

This rating reflects Deutsche Rück's excellent capitalization, strong competitive position, and solid results.

S&P also commends the group’s internationalization strategy, which which has contributed to greater portfolio diversification.

In recent years, Deutsche Rück has expanded its property and casualty (P&C) reinsurance operations to the Middle East, Latin America, and Southeast Asia.

In addition to its main markets, Germany and Austria, the reinsurer also underwrites life and health (L&H) reinsurance in certain countries across the Middle East and the Maghreb.

The rating applies to the subsidiaries Deutsche Rückversicherung AG in Düsseldorf (Germany) and Deutsche Rückversicherung Schweiz AG in Zurich (Switzerland).