MMA IARD Assurances Mutuelle - S&P Credit Research

MMA IARD Assurances Mutuelle

5464 words — Published Dec 10, 2009
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Strong competitive position in the French P/C market. Prudent investment strategy. Challenges in finding the right balance between market positioning and underwriting profitability. Relative weakness of underwriting earnings, which reduced investment income potential further exacerbates. The rating on France-based property/casualty insurer MMA IARD Assurances Mutuelle reflects the insurer's strong competitive position in the French P/C market and prudent investment strategy. These strengths are partly offset, however, by MMA's challenges in finding the right balance between market positioning and underwriting profitability as well as our view of MMA's weakening underwriting results, which reduced investment income may further exacerbate. We consider MMA's capitalization as strong. MMA's competitive position is strong in the French P/C market, where it holds a market share of

Brief Excerpt:

RESEARCH MMA IARD Assurances Mutuelle Publication date: 10-Dec-2009 Primary Credit Analyst: Virginie Crepy, Paris 33-1-4420-7330; Secondary Credit Analyst: Lotfi Elbarhdadi, Paris (33) 1-4420-6730;...

Report Type:

Full Report

Property & Casualty Insurance (40301040)
Global Issuers
Europe, Middle East, Africa
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S&P Credit Research. "MMA IARD Assurances Mutuelle" Dec 10, 2009. Alacra Store. Mar 06, 2015. <>
S&P Credit Research. (). MMA IARD Assurances Mutuelle Dec 10, 2009. New York, NY: Alacra Store. Retrieved Mar 06, 2015 from <>
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