Standard & Poor's (S&P) has today updated its criteria for rating insurance groups.
The ratings agency said it has also clarified how the group status of insurance and reinsurance subsidiaries is determined.
The report: Insurance criteria update: what makes an insurance or reinsurance subsidiary 'core' under group rating methodology? is expected to give insurers an insight into how ratings are assigned to ‘core' companies.
“Company managements' usage of the term 'core' may differ from S&P's definition, and the report clarifies our criteria,” a statement 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.
