Sterling retains BBB+ rating

magnifineglass-data2-large-jpg

Fitch has affirmed the insurer financial strength ratings as BBB+ for Sterling Insurance and Sterling Life giving both a stable outlook.

The ratings agency said the decision reflected the consolidated capital, business position and moderate investment risk of the group. Both companies are the underwriting members of Sterling Insurance Group.

It added that it viewed the main shareholder's strong support to date and the absence of dividend payments as positive and said that it considered it important that the group remained profitable to avoid capital erosion.

Fitch noted that it expected Sterling to report improved profitability

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 info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

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: