Fitch Ratings has affirmed the ratings of R&SA following the annoucement of the proposed buy-out of Codan

Fitch Ratings has affirmed the ratings of Royal & Sun Alliance Insurance plc (R&SA) and Royal and Sun Alliance Insurance Group PLC following the announcement of the proposed minority buy-out of the outstanding shares of Codan A/S ("Codan") -Denmark's third largest insurer - valued at £584m.

The rating affirmations are below:

Royal & Sun Alliance Insurance plc: Insurer Financial Strength rating (IFS) 'A-' (A minus) and Issuer Default rating (IDR) 'BBB+'. The Outlooks remain Stable.

Royal and Sun Alliance Insurance Group PLC: IDR 'BBB' Outlook Stable; subordinated debt and capital securities guaranteed by R&SA (EUR200m maturity 2019, EUR300m maturity 2019, GBP450m perpetual, GBP375m perpetual): 'BBB'.

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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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