Despite external pressures, the European insurance industry has maintained its ratings and has improved results in the first half of 2007, according to the Moody's Investors Service.
Recent events in the credit market, particularly the US sub-prime credit market and weather-related events in Europe – Winter Storm Kyrill and July’s UK floods, competition and regulatory pressures, have not affected the industry and the results have been good, Moody’s has said, as cited by Post Online.