Insurance

As part of its Request for Comment entitled Expanding Recovery Rating Coverage And Enhancing Issue Ratings dated October 4th 2006, Standard & Poor's Rating Services announced its intention, subject to market feedback and sufficient data, to publish recovery ratings on sub-investment grade insurance companies globally. In practice, most sub-investment companies are concentrated in the United States, and not all of those have issued debt. However, as part of the broader roll-out of recovery ratings. Standard & Poor's Ratings Services has assigned recovery ratings on debt instruments issued by 21 U.S. companies operating in the insurance sector, such as brokers, which are not assuming insurance risk.

For more information contact:
Rob Jones: +44 (20) 7176 7041