Â鶹´«Ã½app CommercialÌýis part of one of the world's strongest financial services groups.ÌýWhen you partner with us, you partner with Â鶹´«Ã½app Group.
Financial information
Â鶹´«Ã½app Commercial
With the trade nameÌýÂ鶹´«Ã½app CommercialÌýÂ鶹´«Ã½app GroupÌýbrings together the large corporate insurance business ofÌýÂ鶹´«Ã½app Global Corporate & Specialty (AGCS)Ìýand the commercial insurance business of the nationalÌýÂ鶹´«Ã½app Property & Casualty entities serving mid-sized companies.
Â鶹´«Ã½app Global Corporate & Specialty (AGCS)
Â鶹´«Ã½app Global Corporate & Specialty SE (AGCS SE) annual reports
The Annual Report is prepared on the basis of the German Handelsgesetzbuch (HGB) and solely includes Â鶹´«Ã½app Global Corporate & Specialty SE. Â鶹´«Ã½app Global Corporate & Specialty SE contains the German headquarter as well as the branches in Europe and Asia.
Other legal entities such as Â鶹´«Ã½app Global Risks US, Fireman’s Fund Insurance Company, Â鶹´«Ã½app Risk Transfer AG, Â鶹´«Ã½app Fire & Marine Insurance (Japan) Ltd.,ÌýÂ鶹´«Ã½app Global Corporate & Specialty Resseguros Brasil S.A. and Â鶹´«Ã½app Global Corporate & Specialty South Africa Ltd. are not included in this reporting.
Â鶹´«Ã½app Global Corporate & Specialty SE (AGCS SE) Solvency Financial Condition Reports (SFCR)
Â鶹´«Ã½app SE and Â鶹´«Ã½app Global Corporate & Specialty
quarterly financial updates
We publish quarterly updates on Â鶹´«Ã½app Global Corporate & Specialty's results. These can be downloaded here, and include a quarterly overview of Â鶹´«Ã½app SE results,ÌýÂ鶹´«Ã½app 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 Â鶹´«Ã½app Global Corporate & Specialty segment (Â鶹´«Ã½app Global Corporate & Specialty SE with the German headquarter and its branches as well as Â鶹´«Ã½app Global Risks US, Fireman’s Fund Insurance Company, Â鶹´«Ã½app Risk Transfer AG, Â鶹´«Ã½app Fire & Marine Insurance (Japan) Ltd., Â鶹´«Ã½app Global Corporate & Specialty Resseguros Brasil S.A.,ÌýÂ鶹´«Ã½app 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 Â鶹´«Ã½app Commercial. The results of AGCS SE will continue to be included in the Â鶹´«Ã½app Group figures.
Â鶹´«Ã½app Global Corporate & Specialty ratings
Â鶹´«Ã½app 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
|
|---|---|---|
| Â鶹´«Ã½app Global Corporate & Specialty SE |
AA | stable outlook (affirmed 06/26/2023) |
A+ | stable outlook (affirmed 03/08/2023) |
| Â鶹´«Ã½app Global Risks US Insurance Company, Â鶹´«Ã½app Underwriting Insurance and Â鶹´«Ã½app Global Corporate & Specialty Marine Insurance Company |
AA | stable outlook (affirmed 06/26/2023) |
A+ | stable outlook (affirmed 03/08/2023) |
| Â鶹´«Ã½app Risk Transfer AG** |
AA- | stable outlook (affirmed 06/26/2023) |
A+ | stable outlook (affirmed 03/08/2023) |
| Â鶹´«Ã½app Fire & Marine Insurance Japan Ltd. |
AA |Ìýstable outlook (affirmed 06/26/2023) |
n/a |
| Â鶹´«Ã½app Global Corporate & Specialty Resseguros Brasil S.A. | n/a |
A+Ìý| stable outlook (affirmed 03/08/2023) |
| Â鶹´«Ã½appÌýGlobal 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.
Â鶹´«Ã½app Global Corporate & Specialty solvency ratios
Our official solvency ratios demonstrate how Â鶹´«Ã½appÌýGlobal Corporate & Specialty companies are backed by substantial excess capital. These are calculated at year end (December 31st) and are shown below for each of Â鶹´«Ã½app Global Corporate & Specialty’s primary operating companies.
Â鶹´«Ã½appÌýGlobal Corporate & Specialty shows solid local solvency ratios as of Q4 2023 which are listed below for the primary operating companies.
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Â鶹´«Ã½app Global Corporate & Specialty Company
|
2023
|
|---|---|
| Â鶹´«Ã½appÌýGlobal Corporate & Specialty SE | 173% |
| Â鶹´«Ã½app Global Risks US Insurance Company, Â鶹´«Ã½app Underwriting Insurance and AGCS Marine Insurance Company | 352%* |
| Â鶹´«Ã½app Risk Transfer AG | 156% |
* this number still reflects the 2022 solvency ratio, but will be updated soon.