Standard & Poor’s (S&P) said the ratings for Royal & SunAlliance Insurance(R&SA) had been unaffected by the announcement that the R&SA Group was reviewing its 71.7% stake in Scandinavian operation Codan.
The ratings agency said Codan accounts for a material part of R&SA's earnings (19.7% of ongoing 2003 operating profits), without which the group's debt servicing capacity would be negatively impacted if no other action were taken.
A full sale would also reduce R&SA's geographic diversity, added S&P.
Were the sale of Codan to be confirmed, S&P said key rating considerations would be details of the sale price, how proceeds were to be used, and the strength of earnings of R&SA's remaining businesses.
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.
