RSA Insurance Group Limited: Rating Report

On October 14, 2022, DBRS Limited (DBRS Morningstar) changed the trend on RSA and its operating entities to Positive from Stable and confirmed the Issuer Rating of “A” for RSA and the Financial Strength Rating of AA (low) for all RSA’s operating subsidiaries. DBRS Morningstar has also discontinued the ratings on RSA’s Perpetual Restricted Tier 1 Contingent Convertible Notes because they have been repaid. RSA was acquired by Intact in June 2021.