Credit quality in the European Union (EU) worsened in the first quarter of 2002, according to Standard & Poor's (S&P).
This is contrary to the positive trends shown elsewhere in the world.
The rating agency said that the EU's credit ratio - the ratio of downgrades to upgrades - rose to 20.5.
S&P commented that "even though the actual number of downgrades declined in comparison with the fourth quarter of 2001, a sharper reduction in the number of upgrades prevented an improvement in the credit ratio.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
