Allianz Insurance Co. Assigned 'Api' Rating by S&P.NEW YORK--(BUSINESS WIRE)--Standard & Poor's CreditWire 8/12/98--Standard & Poor's today assigned as·sign tr.v. as·signed, as·sign·ing, as·signs 1. To set apart for a particular purpose; designate: assigned a day for the inspection. 2. its single-'Api' insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. financial strength rating to Allianz Allianz SE[1], (ISIN: DE0008404005; IPA pronunciation: [alli-anz], and formerly AG) is a large financial service provider headquartered in Munich, Germany. Insurance Co. Allianz Insurance is licensed in all states. The company's business is insuring the global risks of major U.S. corporations. Allianz Insurance is a subsidiary of double-'Api' rated Allianz AG, a holding company with participations in insurance, industrial, asset management and other types of companies. The following factors were incorporated in the single-'Api' rating: -- Capitalization capitalization n. 1) the act of counting anticipated earnings and expenses as capital assets (property, equipment, fixtures) for accounting purposes. 2) the amount of anticipated net earnings which hypothetically can be used for conversion into capital assets. is superior at 182.1% under Standard & Poor's capital model in 1997. -- The company has a history of volatility in its two-year development ratio that is greater than that of higher rated companies. -- The company has a history of volatility in net premiums written that is greater than that of higher rated companies. -- The rating is based on the company's position as the lead company of an interaffiliate pooling agreement with Allianz Underwriters Insurance Co. -- Implicit support provided by the parent company, Allianz of America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. Inc., was a factor in the rating. Ratings denoted with a 'pi' subscript (1) In word processing and scientific notation, a digit or symbol that appears below the line; for example, H2O, the symbol for water. Contrast with superscript. (2) In programming, a method for referencing data in a table. are insurer financial strength ratings based on an analysis of published financial information and additional information in the public domain. The ratings do not reflect in-depth meetings with an insurer's management nor do they incorporate material nonpublic information Nonpublic information Information about a company that is not known by the general public, which will have a definite impact on the stock price when released. See: Insider trading. , and are therefore based on less comprehensive information than ratings without a pi subscript. Pi ratings are reviewed annually based on a new year's financial statements, but may be reviewed on an interim basis if a major event that may affect an insurer's financial security occurs. The pi rating process covers U.S insurers to which Standard & Poor's previously assigned quantitative ('q') ratings, and may include information beyond that used to derive the previous quantitative-only ratings. Pi ratings are not modified with 'plus' or 'minus' designations, nor are they subject to potential CreditWatch listings, Standard & Poor's said.
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