AM Best puts Generali under review over Italy and Eurozone woes
AM Best has placed Generali under review with negative implications in response to deteriorating Eurozone economic conditions and political changes in the Italian insurer's home country.
The agency currently rates Generali and its main operating subsidiaries at A+ financial strength and aa- issuer credit rating.
But AM Best warned that with the political upheaval following the recent resignation of Silvio Berlusconi and the deteriorating European economic climate "particularly pronounced in Italy", there is a "serious increase in volatility of the...
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