ÐÇ¿Õ´«Ã½ CommercialÌýis part of one of the world's strongest financial services groups.ÌýWhen you partner with us, you partner with ÐÇ¿Õ´«Ã½ Group.
Financial information
ÐÇ¿Õ´«Ã½ Commercial
With the trade nameÌýÐÇ¿Õ´«Ã½ CommercialÌýÐÇ¿Õ´«Ã½ GroupÌýbrings together the large corporate insurance business ofÌýÐÇ¿Õ´«Ã½ Global Corporate & Specialty (AGCS)Ìýand the commercial insurance business of the nationalÌýÐÇ¿Õ´«Ã½ Property & Casualty entities serving mid-sized companies.
ÐÇ¿Õ´«Ã½ Global Corporate & Specialty (AGCS)
ÐÇ¿Õ´«Ã½ Global Corporate & Specialty SE (AGCS SE) annual reports
The Annual Report is prepared on the basis of the German Handelsgesetzbuch (HGB) and solely includes ÐÇ¿Õ´«Ã½ Global Corporate & Specialty SE. ÐÇ¿Õ´«Ã½ Global Corporate & Specialty SE contains the German headquarter as well as the branches in Europe and Asia.
Other legal entities such as ÐÇ¿Õ´«Ã½ Global Risks US, Fireman’s Fund Insurance Company, ÐÇ¿Õ´«Ã½ Risk Transfer AG, ÐÇ¿Õ´«Ã½ Fire & Marine Insurance (Japan) Ltd.,ÌýÐÇ¿Õ´«Ã½ Global Corporate & Specialty Resseguros Brasil S.A. and ÐÇ¿Õ´«Ã½ Global Corporate & Specialty South Africa Ltd. are not included in this reporting.
ÐÇ¿Õ´«Ã½ Global Corporate & Specialty SE (AGCS SE) Solvency Financial Condition Reports (SFCR)
ÐÇ¿Õ´«Ã½ SE and ÐÇ¿Õ´«Ã½ Global Corporate & Specialty
quarterly financial updates
We publish quarterly updates on ÐÇ¿Õ´«Ã½ Global Corporate & Specialty's results. These can be downloaded here, and include a quarterly overview of ÐÇ¿Õ´«Ã½ SE results,ÌýÐÇ¿Õ´«Ã½ Global Corporate & Specialty (AGCS) financials, asset allocation and solvency and other key developments.
The quarterly financial updates are prepared on the basis of the International Financial Reporting Standards (IFRS). These are consolidated Year-to-Date figures. These reports include all companies within the ÐÇ¿Õ´«Ã½ Global Corporate & Specialty segment (ÐÇ¿Õ´«Ã½ Global Corporate & Specialty SE with the German headquarter and its branches as well as ÐÇ¿Õ´«Ã½ Global Risks US, Fireman’s Fund Insurance Company, ÐÇ¿Õ´«Ã½ Risk Transfer AG, ÐÇ¿Õ´«Ã½ Fire & Marine Insurance (Japan) Ltd., ÐÇ¿Õ´«Ã½ Global Corporate & Specialty Resseguros Brasil S.A.,ÌýÐÇ¿Õ´«Ã½ Global Corporate & Specialty South Africa Ltd. and other entities).
2023
As of Q3 2023, quarterly updates will no longer be published as we are trading as ÐÇ¿Õ´«Ã½ Commercial. The results of AGCS SE will continue to be included in the ÐÇ¿Õ´«Ã½ Group figures.
ÐÇ¿Õ´«Ã½ Global Corporate & Specialty ratings
ÐÇ¿Õ´«Ã½ Global Corporate & Specialty is rated annually by bothÌýÌýandÌý, the global rating agencies. Current ratings are shown below.
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Operating company
|
Standard & Poors
|
A.M.Best
|
|---|---|---|
| ÐÇ¿Õ´«Ã½ Global Corporate & Specialty SE |
AA | stable outlook (affirmed 06/26/2023) |
A+ | stable outlook (affirmed 03/08/2023) |
| ÐÇ¿Õ´«Ã½ Global Risks US Insurance Company, ÐÇ¿Õ´«Ã½ Underwriting Insurance and ÐÇ¿Õ´«Ã½ Global Corporate & Specialty Marine Insurance Company |
AA | stable outlook (affirmed 06/26/2023) |
A+ | stable outlook (affirmed 03/08/2023) |
| ÐÇ¿Õ´«Ã½ Risk Transfer AG** |
AA- | stable outlook (affirmed 06/26/2023) |
A+ | stable outlook (affirmed 03/08/2023) |
| ÐÇ¿Õ´«Ã½ Fire & Marine Insurance Japan Ltd. |
AA |Ìýstable outlook (affirmed 06/26/2023) |
n/a |
| ÐÇ¿Õ´«Ã½ Global Corporate & Specialty Resseguros Brasil S.A. | n/a |
A+Ìý| stable outlook (affirmed 03/08/2023) |
| ÐÇ¿Õ´«Ã½ÌýGlobal Corporate & Specialty South Africa Ltd. |
BB+ | stable outlook (affirmed 06/26/2023) zaAAAÌý(affirmed 06/26/2023) |
n/a |
**S&P and A.M. Best ratings for ART AG and ART Bermuda.
ÐÇ¿Õ´«Ã½ Global Corporate & Specialty solvency ratios
Our official solvency ratios demonstrate how ÐÇ¿Õ´«Ã½ÌýGlobal Corporate & Specialty companies are backed by substantial excess capital. These are calculated at year end (December 31st) and are shown below for each of ÐÇ¿Õ´«Ã½ Global Corporate & Specialty’s primary operating companies.
ÐÇ¿Õ´«Ã½ÌýGlobal Corporate & Specialty shows solid local solvency ratios as of Q4 2023 which are listed below for the primary operating companies.
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ÐÇ¿Õ´«Ã½ Global Corporate & Specialty Company
|
2023
|
|---|---|
| ÐÇ¿Õ´«Ã½ÌýGlobal Corporate & Specialty SE | 173% |
| ÐÇ¿Õ´«Ã½ Global Risks US Insurance Company, ÐÇ¿Õ´«Ã½ Underwriting Insurance and AGCS Marine Insurance Company | 352%* |
| ÐÇ¿Õ´«Ã½ Risk Transfer AG | 156% |
* this number still reflects the 2022 solvency ratio, but will be updated soon.