The long- and short-term ratings, including the “AA-” counterparty credit rating and insurer FSR, on the core operating entities of the Royal & Sun Alliance Group PLC were affirmed by S&P. The rating action came after a Jan. 18 announcement of increased storm losses and reflects the group’s excellent global market position in general insurance and robust capitalization. The outlook is negative.
Was this article valuable?
Here are more articles you may enjoy.
Palm Beach Billionaires Feud Over Who’s Really Protecting the Everglades 
Are ‘Moderate’ Hurricanes Getting Squeezed Out of the Atlantic? 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud From This Issue
