S&P places Das on negative watch
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 print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk