Fitch Ratings has assigned an AA- long-term issuer rating to CGNU plc (CGNU), with a stable outlook.
CGNU plc's senior debt obligations are guaranteed by CGU International Insurance plc, one of the principal operating and holding companies of the CGNU Group.
Fitch also assigned A+ ratings to CGNU's recently issued £700m subordinated bond, due in 2036, and its €800m (£508m) subordinated bond, due in 2021. The outlook for these ratings is also stable.
Fitch said: "The ratings reflect CGNU's impressive operating performance during the difficult conditions of 2001, the continuing solidity of its brand names in key markets and its strong balance sheet."
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.
