Royal & Sun Alliance Insurance (RSAI)
|
|
Financial strength |
Effective date |
Outlook |
|
Standard & Poor’s |
A |
1 June 2021 |
Stable |
|
Moody’s |
A2 |
1 June 2021 |
Stable |
Standard & Poor’s (S&P) have rated the UK & I business based on its standalone credit profile, which underpins the 'A' ratings on RSAI and its subsidiaries. This includes RSA Ireland which is now seen as core to the reduced RSA UKI group.
S&P’s standalone assessment of RSA’s UK&I business is supported by its leading market positions in the U.K. and Ireland non-life markets. S&P have assessed the financial risk profile as ‘strong’ which reflects the expected capital strength of RSAI including support from Intact, partially offset by the relative size of its DB pension exposure.
Moody's affirmation of RSAI’s rating reflects their expectation that any weakening of the standalone profile will be offset by implicit support from Intact.
Subsidiary credit ratings
RSA Luxembourg
|
|
Financial strength |
Effective date |
Outlook |
|
Standard & Poor’s |
A |
1 June 2021 |
Stable |
|
Moody’s |
A2 |
1 June 2021 |
Stable |
RSA Insurance Ireland
|
|
Financial strength |
Effective date |
Outlook |
|
Standard & Poor’s |
A |
1 June 2021 |
Stable |
|
Moody’s |
A2 |
1 June 2021 |
Stable |
Marine Insurance Company
|
|
Financial strength |
Effective date |
Outlook |
|
Standard & Poor’s |
A |
1 June 2021 |
Stable |
|
Moody’s |
A2 |
1 June 2021 |
Stable |
RSA Reinsurance
|
|
Financial strength |
Effective date |
Outlook |
|
Standard & Poor’s |
A |
1 June 2021 |
Stable |
|
Moody’s |
A2 |
1 June 2021 |
Stable |
Canadian entity credit ratings
Royal & Sun Alliance Insurance Company of Canada
|
|
Financial strength |
Effective date |
Outlook |
|
Standard & Poor’s |
A |
1 June 2021 |
Stable |
Canadian Northern Shield Insurance Company
|
|
Financial strength |
Effective date |
Outlook |
|
Standard & Poor’s |
A |
1 June 2021 |
Stable |
Unifund Assurance Company
|
|
Financial strength |
Effective date |
Outlook |
|
Standard & Poor’s |
A |
1 June 2021 |
Stable |
Western Assurance Company
|
|
Financial strength |
Effective date |
Outlook |
|
Standard & Poor’s |
A |
1 June 2021 |
Stable |
Quebec Assurance Company
|
|
Financial strength |
Effective date |
Outlook |
|
Standard & Poor’s |
A |
1 June 2021 |
Stable |