X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Royal & SunAlliance Responds To Rating Downgrade International Editor

London

Fitch Ratings, the international rating agency, has downgraded the financial strength ratings of Royal & SunAlliance plc and its U.S. insurance subsidiaries to “triple-B-plus” from “A-minus.”

The downgrade, which is based on public information, “reflects the agencys increased concern over the groups ability to execute its strategy over the next 18 months,” the agency said, adding that executing its strategy “is necessary to return its capital position to levels consistent with an A range rating.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.