RSA receives rating upgrade from S&P
RSA Group has had its second piece of good ratings news in as many weeks with Standard & Poor’s (S&P) upgrading the insurer to A+ Stable.
The announcement follows the recent news that AM Best had confirmed RSA’s ‘A’ rating.
The ratings agency said the upgrade reflected RSA Group's strong competitive position, operating performance, and capitalisation underpinned by a strong enterprise risk management (ERM) assessment.
However, it added that the group's capitalisation, although strong, remained a relative weakness at its new rating level.
In the analyst note, S&P pointed out that RSA was well diversified geographically, by line of
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