A.M. Best Comments on Ratings of Winterthur Group.OLDWICK, N.J. -- A.M. Best Co. has commented that the financial strength rating of A- (Excellent) and the issuer credit rating of "a-" of Winterthur Group (Switzerland) (Winterthur) and its main subsidiaries remain unaffected following the announcement of the proposed acquisition of Winterthur US Group (Wilmington, DE) (Winterthur US) and its subsidiaries to QBE (Query By Example) A method for describing a database query originally developed by IBM for mainframes. A replica of an empty record is displayed and the search conditions are typed in under their respective columns (fields). . A.M. Best believes that the proposed transaction could have a positive impact on Winterthur's consolidated 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 as the sale price of USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1.2 billion would exceed the net asset value of USD 780 million of Winterthur US. However, in A.M. Best's view Winterthur US has been a source of non-life underwriting profits Underwriting profit is a term used in the insurance industry. It consists of the earned premium remaining after losses have been paid and administrative expenses have been deducted. It does not include any investment income earned on held premiums. since 2004 and achieved a combined ratio of 95.7% in the first nine months of 2006. A.M. Best will continue to monitor the current integration and restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). process following the completion of Winterthur's acquisition by Axa S.A. in December 2006. 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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