Insurance Day
Gerling upgrade approved
By Stuart Collins, London
BROKERS in London have reacted favourably to last week’s upgrade of Gerling Konzern Allgemeine (GKA) and have restored the
company to security lists. Last week Standard & Poor’s (S&P) raised the financial strength rating on GKA to BBB from BBB-.
The firm has also been taken off creditwatch and awarded a positive outlook.