- Insurance Europe and ABI air concerns on EIOPA Long-Term Guarantee Assessment report
- Still work to do after EIOPA Long-Term Guarantee Assessment report say Fitch and KPMG
- UK government focus on reducing whiplash claims hits the wrong target says Law Society chief
- All Chinese insurers meet solvency levels for the first time
- Panels debate key issues at IAIS 6th annual Global Seminar
- Legal & General appoints cfo and make other management changes
- Argenta introduces Lloyd's investment vehicle expired
- AXA increases exposure to infrastructure debt market expired
- RSA and Ageas in bilateral claims agreement expired
- Agencyport appoints catastrophe and exposure modelling expert expired
- SAS Analytics aids Ohio Mutual with assessment of rate changes expired
- StoneRiver LifeApply solution chosen by National Western Life expired
19th August 2012
Aviva downgraded by Standard & Poor's as interest in US life book grows
Standard & Poor's have downgraded Aviva plc from A to A- and its core operating subsidiaries from AA- to A+.
The rating agency says that whilst its recently announced strategic plan has positive objectives, "we expect a significant period of transition, a high cost of execution, and risks in delivery."
In addition to Guggenheim Partners, further interest is being shown from private equity companies in the insurer's US life business.