RSA, Aviva and Lloyds subsidiary in frame for storm losses says Moody’s
Losses from the St. Jude’s Day storm are expected to suppress insurer’s 2013 profitability, particularly against the backdrop of declining premium rates in property insurance in recent quarters.
According to ratings agency Moody's, these storm losses, which are likely to be earnings events rather than capital events, are credit negative for UK P&C insurers.
Given the size of the expected
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