Standard & Poor's Ratings Services said German property-casualty insurer Allianz Marine & Aviation Versicherungs AG (AMAG) and French property-casualty insurer Allianz Marine & Aviation (France) S.A. (AMAF) will remain on watch with positive implications.
The long-term counterparty credit and financial strength ratings on both entities were placed on watch Nov. 22, 2005.
The action was taken after Allianz AG said it planned to merge the Germany-based group's internal reinsurer for industrial business, Allianz Global Risks, and the industrial business written by the German nonlife operations of the Allianz group, into AMAG.
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