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Ireland-based insurers "independent" of sovereign credit ratings

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The body that represents the international insurance industry in Ireland has outlined the position of Standard & Poor's position regarding the Irish sovereign rating and its implications for international insurers operating in Ireland.

Dima's statement is in response to a comment by S&P on Rating Some Irish Insurers Above The Sovereign issued on 25 November that said: "Insurers that we may rate above the sovereign write most of

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