Moody’s downgrades Nationwide’s IFS ratings to A2

13 November 2023

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Moody’s Investor Services has downgraded the insurance financial strength (IFS) ratings of Nationwide and its P&C affiliates from A1 to A2.

The agency has also downgraded the carrier’s surplus notes rating from A3 to Baa1, while affirming the IFS rating of A1 for Nationwide’s life businesses.

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Moody’s downgrades Nationwide’s IFS ratings to A2

Moody’s Investor Services has downgraded the insurance financial strength (IFS) ratings of Nationwide and its P&C affiliates from A1 to A2.

Fuel a smarter strategy with our actionable market intelligence

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Moody’s downgrades Nationwide’s IFS ratings to A2

Moody’s Investor Services has downgraded the insurance financial strength (IFS) ratings of Nationwide and its P&C affiliates from A1 to A2.

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Fuel a smarter strategy with our actionable market intelligence

Topics

GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%

American Coastal targets $100mn of Florida named storm coverage

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM