General Insurance Article - RSA rating raised by Standard & Poor's


 Standard & Poor's Ratings Services has raised its long-term counterparty credit and financial strength rating on the core operating entities of RSA Group. The outlook is stable.
 the rating agency comments "The ratings reflect RSA Group's strong competitive position, strong operating performance, and strong capitalization underpinned by a strong enterprise risk management (ERM) assessment. The group's capitalization, although strong, remains a relative weakness at its new rating level.
 The group is well diversified geographically, by line of business, and by distribution channel. It has, moreover, a leading or significant market share in most of its largest and more mature markets, and is growing rapidly in and expanding into key emerging markets. As the result of this well-balanced diversity, we consider that despite the recent economic downturn, RSA has displayed resilience. It continued to grow on average by 7.8% year-on-year over the past five years. This growth is far above average global growth in non-life premiums of 0.8% or average global GDP growth of 1.9% for the same period."

Back to Index


Similar News to this Story

LA wildfires expose insurance crisis
Following the recent devastation caused by wildfires in Los Angeles, which have resulted in billions of dollars in damage; Ben Carey-Evans, Senior Ins
LIIBA publish their 2025 agenda
A groundbreaking project to quantify the monetary value of London’s brokers to the global economy is at the centre of LIIBA’s newly published agenda f
Car insurance records biggest annual fall in over 10 years
Comprehensive car insurance premiums have decreased by 16% (£161) during the last 12 months. UK motorists are now paying £834 on average, according to

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.