S&P places Das on negative watch

magnifying glass

Move follows suspension of CEO Paul Asplin.

Das UK has been placed on CreditWatch by ratings agency Standard and Poor's (S&P).

The agency said in a statement that the insurer had been placed on "CreditWatch with negative implications" due to the suspension of Paul Asplin as chief executive.

The rating has been downgraded from ‘A Stable' to ‘A Watch Negative'.

S&P commented: "These developments, in our view, indicate potential weaknesses in DAS UK's existing governance structures, specifically internal controls. Accordingly, we have

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Industry reacts to discount rate change

Insurance industry specialists have welcomed the government moving the personal injury discount rate to 0.5% with PwC calculating it will lower motor premiums by £50 on average.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: