Rating is the first Ageas has received since public information ratings were stopped by Standard & Poor’s
Ageas Insurance has been assigned the A+ ‘strong’ insurer financial strength rating by Fitch, with a stable outlook.
This is the first full rating for Ageas Insurance following the decision by Standard and Poor’s to remove public information ratings in November last year.
Ageas Insurance had held a BBBpi rating since 2008.
Chief executive, insurance, François-Xavier Boisseau said: “The achievement of a ‘strong’ rating at a time when the industry is facing challenging conditions demonstrates the confidence that Fitch has in Ageas Insurance’s financial strength, underwriting discipline and risk management.
“The rating should in return give brokers additional confidence that we’re in a good place to meet their customers’ obligations. We look forward to building on this as part of our ongoing strategy to grow, especially in the non-standard and commercial markets where we’re focused on developing our e-trade and scheme propositions.”
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