Standard & Poor's has lowered its insurer financial strength ratings on Unionamerica Insurance from BBB to BB+.
Ratings have also been withdrawn and removed from Creditwatch at the request of Unionamerica, leaving the company no longer subject to continuous surveillance.
Standard & Poor's expects its ultimate parent, St Paul, will ensure an orderly run-off of Unionamerica's obligations.
The rating agency said the lack of any non-cancellable explicit form of long-term support between St Paul and Unionamerica created some uncertainty surrounding Unionamerica's ability to meet its future obligations.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
