Standard & Poor’s said the BBB junior subordinated debt rating on the €500m debt issued by Royal & SunAlliance Insurance Group was unaffected by the company’s announcement of a change in the terms and conditions.
S&P said it expected bondholders would accept the rewording and that the issue would continue to be treated as regulatory capital.
In addition, the issue will continue to qualify as hybrid equity under S&P's criteria, on the assumption that the revised terms and conditions of the issue, when finalised, are not materially different from those previously indicated to the company, it 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.
