International Private Medical Insurance Magazine: Travel Insurance News, Private Medical Insurance, Health Insurance News LONDON 18 January 2012.
Following a recent review, Allianz Worldwide Care has successfully retained its “A stable” financial strength rating from Standard & Poor’s. The rating reflects Standard & Poor's expectation that the international health insurer will continue to reinforce and diversify its geographic reach. The rating also illustrates Standard & Poor’s opinion that the company is a strategically important member of the Allianz Group (Allianz SE is rated “AA Stable”) and that it has a competitive position in the international private health insurance niche market, combined with good operating performance and sound underwriting. Claude Daboul, Director of Sales, Marketing and Operations at Allianz Worldwide Care, commented: “As we continue to develop our business globally, it is extremely encouraging that we have retained our strong A Stable S&P rating. The rating gives a sense of confidence to brokers, clients and local regulators in terms of our performance and long term reliability. 2011 has been a particularly good year for the company and we have experienced dynamic growth, with a number of major international client wins and the recruitment of 180 staff to our Dublin head office. These factors, together with a team of highly skilled employees, put us in a very strong position going into 2012”.
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