Ratings of Hannover Re Group's subsidiaries

Company nameA.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.