A.M. Best awards Nationale Suisse “A-” rating (Excellent) with a stable outlook
19.12.2014In July, Nationale Suisse and Helvetia announced that they would be merging to form a powerful new Swiss insurance group, which prompted the A.M. Best rating agency to reassess its Financial Strength Rating for Nationale Suisse. This process has now been completed and Nationale Suisse has been awarded an “A-” rating (Excellent) with a stable outlook.
The A.M. Best rating agency has granted the international Swiss insurance group Nationale Suisse a Financial Strength Rating of “A-” (Excellent) with a stable outlook. Following the announcement by Nationale Suisse and Helvetia in July 2014 that they would be merging to form a new Swiss insurance group, A.M. Best revised its previous rating for Nationale Suisse, which became part of the Helvetia Group in October 2014. This reassessment has now been completed and a new rating has been awarded based on discussions between A.M. Best and the management of Nationale Suisse and Helvetia. The rating is testament to the healthy business development and strong equity base of Swiss National Insurance Company Ltd, the parent company of the Nationale Suisse Group.
The press release issued by A.M. Best regarding its rating for Nationale Suisse can be found at the following link: www.nationalesuisse.com/rating
Nationale Suisse is an innovative and international Swiss insurance group providing attractive risk and pension solutions in the non-life and life segments, as well as customized speciality lines products. Nationale Suisse has been part of the Helvetia Group since October 2014. The plan is to integrate Nationale Suisse fully into Helvetia. The consolidated gross premiums of Nationale Suisse came to CHF 1.5 billion in 2013. The head office of Swiss National Insurance Company Ltd is in Basel. The company's stock is listed on SIX Swiss Exchange (NATN). The stock will be delisted as part of the integration of Nationale Suisse into the Helvetia Group. On 30 June 2014, the Nationale Suisse Group employed 1,903 staff (full-time equivalents).
Disclaimer and exclusion of liability
The purpose of this press release is to inform the public about certain events or developments arising from the company's business. The information published in this article is not an advertisement, offer or recommendation to engage in transactions involving securities or other products of Nationale Suisse or any other type of transaction. This press release may contain certain forward-looking statements. Even if these forward-looking statements reflect the opinion and expectations of Nationale Suisse, a number of risks, uncertainties and other important factors may lead to actual developments and results differing strongly from the expectations of Nationale Suisse. It is pointed out expressly that the statements and projections contained in this press release are selective in nature. Nationale Suisse provides no guarantee, either explicitly or implicitly, regarding the accuracy and completeness of the statements and forecasts published in this press release. Neither Nationale Suisse nor its executive bodies or senior managers accept any liability for any damage or losses arising directly or indirectly from the use of this press release. Unless otherwise provided by applicable binding law Nationale Suisse is under no obligation to update or amend the statements contained in this press release, be it in response to new information, future events or any other reasons.
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