AXA and Aviva among 15 insurers placed on negative watch by Standard and Poor’s
Rating agency Standard and Poor’s (S&P) has threatened 15 insurance companies including AXA, Aviva, Allianz and RSA Insurance Ireland with downgrades because of the ongoing eurozone problems.
S&P said: “We are placing the ratings on certain European insurance providers on credit watch negative.
“Depending on the outcome of our review of the ratings on the eurozone member governments, the long-term ratings on these insurers could be lowered by one or two notches, and short-term ratings for some issuers could be lowered by one notch.”
S&P bared its teeth last week by threatening to downgrade Groupama yet again.
S&P warned it could downgrade Groupama’s credit rating to below investment grade, or ‘junk’ status.
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.
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