Rating agency worried over insurer parent’s sovereign debt exposure
Rating agency Standard & Poor’s (S&P) has cut trade credit insurer Atradius’s rating from A- to BBB.
S&P made the move last week because it is uncomfortable with the sovereign debt exposure of Atradius’s main shareholder, Spanish insurer Grupo Catalana Occidente.
An Atradius spokesman said: “It’s not to do with our own company strength.”
Atradius still has an A rating from AM Best.
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.
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