S&P assigns HDI-Gerling A+

Standard & Poor's said it assigned its A+ long-term counterparty credit and insurer financial strength ratings to HDI-Gerling America Insurance Co.

The outlook is stable.

The agency said that the ratings reflect the classification of the company, which is fully owned by HDI-Gerling Industrie Versicherung AG (A+/stable) as core to Talanx AG (A-/stable), the parent company of

Talanx Primary Group.

In S&P's view, HDI-Gerling is integral to TPG's strategy to maintain its strong competitive position in international programs with its globally operating European industrial line customers.

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