Fitch Ratings has published its criteria for a new quantitative ratings model for European insurers.
The ratings agency said when the consultation period ends on 7 January 2005, it intends to assign ratings to insurers in France, Germany and the UK in the first phase of its Quantitative-IFS ratings programme.
Fitch's European Insurance Group managing director Greg Carter said: "Fitch believes this initiative will not only go some way to meeting this demand for independent analysis, but will also provide an invaluable tool in assessing the financial health of insurance companies across Europe.”
