AIR+06 Dec 2022

Sumitomo Life's declining solvency ratio under scrutiny

| 06 Dec 2022

S&P has placed Sumitomo Life's issue ratings on CreditWatch with negative implication, which implies a possible downgrade if the insurer's declining solvency ratio continues to worsen. S&P said this reflects a rising possibility of deferral of interest payments on subordinated notes. This deferral will be triggered by the insurer booking a regulatory solvency margin of less than 200%.

Archived articles are available to Magazine subscribers only.

If you are already a subscriber

OR sign-up for a trial access here Trial Access

For Full Access to the magazine SUBSCRIBE here.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

Error : Object reference not set to an instance of an object.

Recent Comments
Other News

Follow Asia Insurance Review