S&P downgrades RSA with Ireland issues expected to result in losses
Provider's problems lead to ratings downgrade.
Standard & Poor’s (S&P) has lowered RSA’s financial strength and issuer credit ratings from A+ to A, attributable partly to losses related to issues in its Irish operations.
The provider’s core operating entities’ ratings have all been similarly downgraded.
The ratings have been placed on CreditWatch with negative implications, while S&P considers the effect of any management actions to improve the financial risk profile of the group.
This move will also enable the ratings agency to reassess RSA
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 or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insurer
Motor premiums remained stable in Q1 – ABI
The average motor premium held steady in the first quarter of 2026 at £560, just 0.2% up on Q4 2025, the Association of British Insurers has calculated.
Optio builds real estate capacity to £100m
Specialty managing general agent Optio Group has struck a capacity deal for its real estate product, increasing its total sum insured binding authority from £60m to £100m.
Broker growth optimism rises to new heights
Brokers are increasingly optimistic about growth, with regional players leading the way according to a survey by Aviva.
Covéa bolsters personal lines leadership with McCann and Midgley in new roles
Covéa Insurance has created two new roles, adding Jamie McCann as head of personal lines and promoting Jade Midgley to head of trading for personal lines.
Allianz revamps commercial management as Nick Hobbs exits after 25 years
Nick Hobbs is to leave Allianz UK after 25 years with the insurer, stepping down from his roles as chief distribution officer and chairman of Allianz Engineering Inspection Services.
Analysis: Are employee benefits the new diversification frontier for GI brokers?
This year, Top 100 UK brokers Jensten, Lloyd & Whyte and Clear have all joined amii, a trade body representing intermediaries advising on health insurance, protection and wellbeing services, while others have acquired in this space. Sam Barrett looks at why firms more closely associated with general insurance broking are branching out to capitalise on opportunities in the employee benefits market.
Insurance complaints up 10% but stay below recent highs
Complaints about insurance and protection rose 10.1% in the second half of last year, the only product group to post an increase.
Biba 2026 Countdown: QBE’s Janine Bowler
Janine Bowler, Manchester interim head of trading at QBE, recommends Salut wine bar for an external catch up and is looking forward to the buzz when the event opens on Wednesday 13 May.