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Diverging Views

The search for culprits for the recent credit crisis has led many to the door of the rating agencies - but as they revamp their structured credit analysis, how in touch are they with European insurance on other issues driving the market? By Aaron Woolner

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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

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