S&P rates Hannover ReTakaful A

Standard & Poor's said it assigned its A long-term counterparty credit and insurer financial strength ratings to Hannover ReTakaful B.S.C.

The outlook is stable.

The agency said that the ratings on Hannover ReTakaful reflect its strategic importance to its parent, Hannover Re group (AA-/stable), adding that the ratings also reflect Hannover ReTakaful's conservative investment portfolio and strategy and strong capitalization, which are offset by its modest competitive position in the global reinsurance markets and start-up strain affecting earnings in the short term.

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