Insurers react to S&P downgrade warning


Standard & Poors (S&P) has warned that 15 insurers could be downgraded by one rating notch in light of their exposure to euro sovereign debt and the potential impact on capital adequacy.

The move came after the credit rating agency made a similar announcement on Monday 5 December in which it said it may downgrade the credit status of Eurozone member countries including France and Germany.

Mark Churchlow, chief financial officer at Allianz Insurance, commented: "We would like to reassure our

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: