Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Slow Turnaround For Europeans International Editor

A ratings analyst in London equated the situation in the European insurance and reinsurance sector to supertankers that are being slowly turned around.

That sentiment was reflected in recent downgrades. One was by Moodys Investors Service of Royal & SunAlliance and subsidiaries–by one notch to “Baa2″ from “Baa1″. The other came from Standard & Poors, which lowered long-term counterparty credit and insurer financial strength ratings on the Paris-based reinsurer SCOR and its subsidiaries to “triple-B-plus” from “A-minus.”

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


  • 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?



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
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.