The re-rating from ‘A-‘ to ‘A’, reflects the financial and trading strength of the company’s parent, MMA IARD Assurances Mutuelles, part of the Covéa group, which has also had its rating increased to ‘A’.
Commenting on the new rating, Garry Fearn, MMA’s chief executive, said: “This improved rating demonstrates that our strategy of concentrating on those market segments where MMA has the knowledge and underwriting expertise to write profitable business is proving successful. It also reflects
- Close Brothers and other creditors to lose out following collapse of Ignition Select
- Is the talent pool drying up?
- Primassure moves from SSP and Open GI to Applied
- Stackhouse Poland buys Honour Point
- Do you know what to do if you get hacked?
- Aggregators eating into SME business – GlobalData
- Allianz to delist Euler Hermes on 27 April