Ratings actions
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The ratings agency expects around 10% of ratings could change with more upgrades than downgrades.
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The revised status follows the recent announcement that R&Q Insurance Holdings has agreed a sale of its Accredited program.
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The ratings agency said the rating reflected the firm's consolidated balance-sheet strength.
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The ratings agency said the rating reflected the “strategic importance” of the subsidiary to the group.
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Fitch has also upgraded Generali's Long-Term Issuer Default Rating to A from A-.
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The ratings agency said the improvement was a result of “high pricing discipline driving a hard market, rising investment yields and a strong demand for reinsurance protection”.
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In May, S&P Global Ratings estimated that its proposed new criteria for its insurer ratings methodology will lead to rating actions on up to 10% of rated carriers, but Litmus Analysis has stated that it expects that this estimate is not intended to represent the upper limit of possible rating changes.
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The ratings agency believes Munich Re will defend its “excellent” competitive position and conservative capital management over the next two years
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The agency said the ratings reflect the firm's “very strong” consolidated balance sheet, as well as its adequate operating performance.
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The ratings agency recognised the Corporation’s efforts to improve the resilience of its balance sheet.
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The ratings agency is currently in discussions with Clear Blue’s management regarding the company’s ability to replace certain programs or letters of credit.
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London D&F underwriters are seeing rate rises of 15% on average on clean business, while loss-affected accounts are seeing their rates double.
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