Pinnacle standing reflects sound principles
The ratings on UK-based composite insurer Pinnacle Insurance (Pinnacle) reflect the company's strong and consistent earnings record, robust capital adequacy, and stable and experienced management team.
These positive factors are offset by concentrations in Pinnacle's business profile, challenges associated with the volatility of investment bond sales, and legacy issues with the warranty account. The company is a subsidiary of Cardif S.A. (Cardif; not rated), and its ultimate parent is BNP Par
More on Regulation
POLL: DARK WEB MONITORING TOOL
Most read
- Aviva "disappointed" after watchdog bans Aviva Drive app ad
- Leadenhall Market evacuated after “suspicious package”
- Blockchain could “eliminate” the need for brokers
- Ardonagh Group posts fall in Ebitda but rising income
- Swinton targets becoming largest digital broker in the UK
- Marsh’s head of operations in Scotland Iain Henry departs
- Aston Scott and Lark confirm new management structure
Back to Top