
S&P affirms Das UK's credit rating despite "capital deficiency"

The ratings agency said that the legal expenses insurer's (LEI) capital adequacy weakened due to premium growth and higher retention of business written.
However, S&P noted that Das UK's parent company has plans to inject capital into its UK arm in October 2012.
As a result, the agency said its insurance long-term rating would remain the same.
S&P explained that the ratings also benefited from Das UK's good competitive position in the UK due to its LEI niche and an improved operating performance
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 print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Insurer
Videos/Podcasts
Insurance Covid-Cast: How has staff productivity been impacted by remote working?
For the 35th episode of Post and Insurance Age’s video series we gathered together a panel of senior insurance managers to discuss how productive staff have been since Covid-19 lockdown, and whether it has changed as restrictions have eased?
Subscribe to our daily newsletter for all the latest news
Most read
- Atlanta snaps up Be Wiser
- Video: Risk Insights - understanding the interconnected risk landscape
- Aston Lark buys O’Loughlin Insurance Group in Ireland
- Video: Risk Insights - the impact of Brexit on the UK economy
- SSP confirms job cuts as CEO Stephen Lathrope exits
- Ardonagh Specialty reveals capacity deal with Beazley
- Google: Why brokers are "key enablers"