25 June 2012 News

ACE Europe has A+ rating affirmed

Rating agency AM Best has affirmed its financial strength A+ rating for ACE Europe Group Limited (AEGL), along with the group’s “aa” issuer credit rating.

AM Best said that the ratings reflect AEGLs ‘excellent stand alone risk-adjusted capitalisation, solid operating performance and excellent business profile.’

In a statement the rating agency also acknowledged the implicit support provided to AEGL by its parent company, ACE Limited (ACE).

This allows AEGL to benefit from ACE’s diversified global operation and a consistently favourable record of generating strong earnings and cash flows.

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