Fitch affirms German mutual Gothaer's 'A' rating
Fitch Ratings has affirmed Gothaer Allgemeine Versicherung AG's and Gothaer Lebensversicherung AG's insurer financial strength ratings at 'A' and long-term issuer default ratings at 'A-'.
The outlook on the ratings is stable. Fitch has also affirmed GA's E250m subordinated debt at 'BBB'.
GG is a mutual insurance group, which generated gross written premiums of E4.0bn (2009: E4.2bn) in
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