Standard & Poor's has lowered its long-term counterparty credit and insurer financial strength ratings of Gerling to single-'A' from single-'A'-plus.
Standard & Poor's credit analyst Laura Santori said: "The downgrade is based on continuing difficult economic conditions - particularly in Germany, one of Gerling's main markets, which continues to be affected by a high rate of insolvencies - and unexpected losses in a niche line that has been discontinued."
The ratings agency made it clear that a potential increase in reinsurance costs may delay the expected recovery of Gerling's performance.
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.
