Allianz Assurances S&P Fincl Strgth Rtg Raised to AA-.PARIS--(BUSINESS WIRE)--Standard & Poor's CreditWire 6/24/98 --Standard & Poor's today raised its counterparty Counterparty The other participant, including intermediaries, in a swap or contract. and financial strength ratings of Allianz Allianz SE[1], (ISIN: DE0008404005; IPA pronunciation: [alli-anz], and formerly AG) is a large financial service provider headquartered in Munich, Germany. Assurances to double-'A'-minus from triple-'B' and removes them from CreditWatch where they were placed Nov. 18, 1997. The upgrade reflects the expected acquisition of the company by Assurances Generales de France (AGF AGF Assurances Générales de France AGF Army Ground Forces AGF American Growth Fund (mutual fund) AGF American General Finance AGF Arbeitsgemeinschaft der Grossforschungseinrichtungen AGF Anatomic Gift Foundation AGF Assume Good Faith , whose main operating entities are rated double-'A'-minus) and its full merger into the new AGF group. With net written premiums of 4.7 billion French Francs in 1997, Allianz Assurances has been the main non life insurance subsidiary of the Allianz group in France, writing personal lines mainly and also involved in commercial business. It has merged in 1997 with its sister company Rhin & Moselle Moselle, department, France Moselle (mōzĕl`), department (1990 pop. 1,011,400), NE France, bordering on Luxembourg and Germany. Metz is the capital. Assurances. After several years of difficulties, the company has significantly improved it financial profile as demonstrated by a satisfactory 104% combined ratio and a good 123% risk adjusted capital adequacy posted at year end 1997. As part of the successful public bid offer by Allianz for AGF, the current interests of the German group in France, including Allianz Assurances, are expected to be sold to AGF in the coming weeks, subject to completion of the legal process. Allianz Assurances will eventually be merged within the new AGF group beginning in 1999 and thus will disappear in its current form, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the business plan communicated to Standard & Poor's by AGF management. AGF has already begun the task of merging the operations of AGF, Allianz France and the Athena group companies. The starting point Noun 1. starting point - earliest limiting point terminus a quo commencement, get-go, offset, outset, showtime, starting time, beginning, start, kickoff, first - the time at which something is supposed to begin; "they got an early start"; "she knew from the of this plan has been the appointment, in April 1998, of the group's new senior management team an announcement of the group's organizational structure  This article has no lead section.To comply with Wikipedia's lead section guidelines, one should be written. . As part of this, Dominique Bazy, Allianz Assurances' current Chairman, has been appointed as Chief Executive Officer in charge of the tied agents business unit. The full operational and legal merger of the businesses may take up to two years to complete when the AGF brand name is expected to be used for all new business. OUTLOOK: Stable.---CreditWire
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