Credit Rating Report

RSA Insurance Group Limited: Rating Report

Insurance Organizations

Summary

On October 14, 2022, DBRS Limited (DBRS Morningstar) changed the trend on RSA and its operating entities to Positive from Stable and confirmed the Issuer Rating of “A” for RSA and the Financial Strength Rating of AA (low) for all RSA’s operating subsidiaries. DBRS Morningstar has also discontinued the ratings on RSA’s Perpetual Restricted Tier 1 Contingent Convertible Notes because they have been repaid. RSA was acquired by Intact in June 2021.

Ratings

RSA Insurance Group Limited
  • Date Issued:Oct 14, 2022
  • Rating Action:Trend Change, Confirmed
  • Ratings:A
  • Trend:Pos
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Oct 14, 2022
  • Rating Action:Trend Change, Confirmed
  • Ratings:A
  • Trend:Pos
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Oct 14, 2022
  • Rating Action:Trend Change, Confirmed
  • Ratings:BBB (high)
  • Trend:Pos
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Oct 14, 2022
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:CA
RSA Insurance Ireland DAC
  • Date Issued:Oct 14, 2022
  • Rating Action:Trend Change, Confirmed
  • Ratings:AA (low)
  • Trend:Pos
  • Rating Recovery:
  • Issued:CAUE
RSA Luxembourg S.A.
  • Date Issued:Oct 14, 2022
  • Rating Action:Trend Change, Confirmed
  • Ratings:AA (low)
  • Trend:Pos
  • Rating Recovery:
  • Issued:CAUE
Royal & Sun Alliance Insurance Limited
  • Date Issued:Oct 14, 2022
  • Rating Action:Trend Change, Confirmed
  • Ratings:AA (low)
  • Trend:Pos
  • Rating Recovery:
  • Issued:CAUE
Royal & Sun Alliance Reinsurance Limited
  • Date Issued:Oct 14, 2022
  • Rating Action:Trend Change, Confirmed
  • Ratings:AA (low)
  • Trend:Pos
  • Rating Recovery:
  • Issued:CAUE
The Marine Insurance Company Limited
  • Date Issued:Oct 14, 2022
  • Rating Action:Trend Change, Confirmed
  • Ratings:AA (low)
  • Trend:Pos
  • Rating Recovery:
  • Issued:CAUE
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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