Rating agencies maintain pressure on European insurers

March 29, 2013
Image provided to Microsoft by iStockphoto. Used with permission from Microsoft
The rating agency Standard & Poor’s (S&P) thinks that the insurance business is facing hardships that may compromise insurers’ short and mid-term rating. A pressure is therefore maintained on insurers.
Image provided to Microsoft by iStockphoto. Used with permission from Microsoft

In an effort to justify its position, S&P has invoked a combination of factors such as slow economic activity, low interest rates and increasing sovereign debt-related risks. Moreover, Solvency II deferral has emphasized the atmosphere of distrust expressed toward insurers.


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