RSA (Puerto Rico)

Latin America

Standard & Poor’s (S&P) assigned its A- counterparty credit and financial strength ratings to Royal & SunAlliance Insurance (Puerto Rico) and gave the company a stable outlook. The ratings are based on its strong capitalisation, good operating performance, solid market position and support received from its UK parent company. S&P expects the company’s premium growth to increase by between 5% and 7% in 2002.