Winterthur Insurance Group has had its outlook rating downgraded from stable to negative, Moody's has announced.
Winterthur is to raise its provision in connection with the sale of Winterthur International to XL Insurance (Bermuda) by CHF310m before tax.
Moody's said this would have imolications for the Group's rating.
The ratings agency also said the provision could rise further when the sale is completed with the support of an independent actuary.
Moody's said it considers such a revision to be a possibility “given the nature of the arbitration process.”
There was also some uncertainty regarding the insurer's future as part of the larger Credit Suisse Group, the ratings agency said.
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.
