S&P applies A- to Helvetia

Standard & Poor's said it assigned its A- counterparty credit and insurer financial strength ratings to Helvetia Schweizerische Versicherungs-Gesellschaft AG, an international specialty insurance company and part of Switzerland-based Helvetia Group.

The A- rating combines a standalone credit profile of bbb and two notches of group support.

The outlook is stable.

S&P said the ratings reflect its view of Helvetia Liechtenstein’s strategically important status to Helvetia Group.

The company is part of the group’s newly created specialty insurance segment, which also incorporates Helvetia Group’s longstanding transport and third-party reinsurance businesses. The business development of this new segment is one of Helvetia Group’s strategic targets, and the agency anticipates that this will gradually solidify Helvetia Liechtenstein's relevance for the group’s competitive position and earnings.

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