A.M. Best Comments On Financial Strength Rating Of Gerling Konzern Allgemeine Versicherung.Business Editors/Insurance Writers OLDWICK, N.J.--(BUSINESS WIRE)--Feb. 13, 2003 A.M. Best Co. today has commented on the continuous uncertainties regarding the future ownership of the Gerling-Konzern Versicherungs-Beteiligungs-AG (GKB GKB Geospatial-Intelligence Knowledge Base GKB Girls Kick Butt GKB Gangsta Killa Bloods (gang) GKB Grosskrotzenburg (German city) GKB Greg Kihn Band (rock group) ) and the potential impact on the A- (Excellent) financial strength rating of Gerling-Konzern Allgemeine Versicherungs AG (GKA GKA Goroka, Papua New Guinea - Goroka (Airport Code) GKA Global Key Account ). In A.M. Best's view, the ongoing discussion about the future ownership has not negatively impacted GKA's business profile. This has been demonstrated by a strong renewal season in 2003 for industrial business. A.M. Best also believes that GKA's assets are sufficiently protected to meet policyholders'claims and will not be accessed to finance any potential difficulties of Gerling Konzern Globale Ruckversicherungs AG (GKG GKG Gabah Kering Giling ). GKA maintains an excellent risk-adjusted capitalisation n. 1. same as capitalization. Noun 1. capitalisation - writing in capital letters capitalization writing - letters or symbols that are written or imprinted on a surface to represent the sounds or words of a language; "he turned the paper and an excellent business position in industrial lines. The A- (Excellent) financial strength rating and the stable outlook remain unchanged. A.M. Best will closely monitor the developments in respect to the sales process A sales process is a systematic approach for performing product or service sales. The reasons for having a sales process include seller and buyer risk management, achieving standardized customer interaction in sales and scalable revenue generation. of GKB. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com. |
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