Standard & Poor's (S&P) has placed all the long-term ratings, including AAA counterparty credit and insurer financial strength ratings, on Munich Re and its subsidiaries on CreditWatch with negative implications.
This move follows Munich Re's announcement yesterday that it would pump $2bn into its unprofitable American Re unit.
This is the second time in eight months that it has shored up the business with additional funds.
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.
