NU Online News Service, June 24, 3:25 p.m. EDT
Smaller carriers may need to raise capital to adhere to Solvency II requirements, leading to negative credit implications, according to Moody's Investors Service.
Moody's said it does not expect Solvency II requirements to lead to rating changes for its rated insurance and reinsurance companies, but it questions whether the smaller companies will have access to the capital markets, "especially with limited capital-raising track records," if they need to bolster capital for Solvency II, said Dominic Simpson, Moody's vice president-senior credit officer.
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