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 Reinsurance 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 |
| Hannover Life Reassurance Africa Ltd.* | -- | -- | AA- | stable |
| Glencar Insurance Company | A+ | stable | -- | -- |
*Hannover Reinsurance Africa Ltd. (HR SA) and Hannover Life Reassurance Africa Ltd. (HLR SA) benefit from parental guarantees issued by Hannover Rück SE (the “Guarantor”). The guarantees cover all of the payment obligations of HR SA and HLR SA in respect of insurance and reinsurance contracts issued by them. The guarantees are unconditional and continuing and shall be binding upon the Guarantor. The owners of the insurance and reinsurance contracts issued by these subsidiaries are express third party beneficiaries of these guarantees. The obligations of the Guarantor under these guarantees rank pari passu with all other unsecured indebtedness of such Guarantor.