UK insurers wait on developments following PM Cameron EU Treaty veto
Standard and Poor’s downgrade warning on 15 insurers should have been “no surprise” but the market is still in the same position it was a week ago given the lack of “concrete activity” at the weekend, according to an industry analyst.
On 9 December, S&P placed Groupama’s BBB rating on negative watch and, on 12 December, warned of mass insurer downgrades as it put Allianz, Aviva and Axa among 15 insurers on negative watch.
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