Diverging Views

Credit ratings

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A full page advert in the Financial Times trumpeting the fact that the credit rating of Trieste-based insurer Generali, "Have long been amongst the strongest in its sector, worldwide," highlights the importance of ratings to insurers - but this does not mean both sectors see eye-to-eye.

As the Solvency II draft directive slides inexorably towards its debut at the European Parliament in the autumn this year, agreement has not yet been reached on issues such as surplus funds and group supervision.

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