Standard & Poor’s today assigned an 'A-' rating with a stable outlook to Helvetia Swiss Insurance Company in Liechtenstein Ltd (“Helvetia Liechtenstein”). The former subsidiary of Nationale Suisse is now wholly owned by Helvetia Swiss Insurance Company Ltd following Nationale Suisse’s merger with Helvetia in October 2014. It adopted its new legal name on 1May2015. Helvetia Liechtenstein’s rating is one notch below that of the core Helvetia Group companies ('A' with a stable outlook). Standard & Poor’s regards Helvetia Liechtenstein as being strategically important to the Helvetia Group and has therefore given the subsidiary a separate rating of its own.
Support for further development of the specialty lines
Helvetia Liechtenstein focuses mainly on insurance business in the specialty lines Engineering, Marine and Art. This first rating for the company will provide support for further development of the specialty lines. In particular, it meets the needs of clients and brokers who want to work with an officially rated insurer that can serve both Swiss and European insurance markets at the same time.
This media release is also available on our website www.helvetia.com/media