Ratings of Hannover Re Group's subsidiaries
| Company name | A.M. Best Rating | A.M. Best Outlook | Standard & Poor's Rating | Standard & Poor's Outlook |
|---|---|---|---|---|
| Hannover Rück SE | A+ | stable | AA- | stable |
| E+S Rückversicherung AG | A+ | stable | AA- | stable |
| Hannover Re (Ireland) DAC | A+ | stable | AA- | stable |
| Hannover Re (Bermuda) Ltd. | A+ | stable | AA- | stable |
| Hannover Re South Africa Ltd.* | -- | -- | AA- | stable |
| Hannover ReTakaful B.S.C. (c) | -- | -- | A+ | stable |
| Hannover Life Reassurance Co. of America | A+ | stable | AA- | stable |
| Hannover Life Reassurance Co. of America (Bermuda) Ltd. | A+ | stable | AA- | stable |
| Hannover Life Reassurance of Australasia Ltd. | -- | -- | AA- | stable |
| Glencar Insurance Company | A+ | stable | -- | -- |
*Hannover Re South Africa Ltd. benefits from parental guarantees provided by Hannover Rück SE (the “Guarantor”). The guarantees cover all payment obligations of Hannover Re South Africa Ltd. in respect of insurance and reinsurance contracts issued. The guarantees are unconditional and continuing and shall be binding upon the Guarantor. The owners of the insurance and reinsurance contracts issued by Hannover Re South Africa Ltd. are third party beneficiaries of these guarantees.