Moody's Investors Service has placed the credit ratings of Royal & Sun Alliance Insurance Group PLC under review for possible downgrade.
In a statement, Moody's said the review reflects its concerns over the ability of the group to maintain its capital position amid the downturn in the stock markets.
"Moody's review will therefore focus on the ability of the group to raise sufficient capital to ensure profitable business growth, without reducing the group's financial flexibility," it said.
