Credit ratings

Our credit ratings and the latest assessments from Standard & Poor's and Moody’s.

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