Ratings agency Moody's has changed its outlook on the Aa3 insurance financial strength rating of Metropolitan P&C, a US insurer, to negative from stable.
Moody's said the company's recent operating performances had fallen below expectations, mainly because of its homeowners division.
The agency added that the current insurance financial strength rating reflected the implicit support for Metropolitan P&C from its parent MetLife.
MetLife is approximately the 11th largest personal motor and homeowners insurance company in the US, with nearly $2.7bn (£1.9bn) in annual net written premiums.
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.
