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Fitch acts on 11 EMEA-based insurance groups

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Fitch acts on 11 EMEA-based insurance groups

Fitch Ratings placed 11 EMEA-based insurance groups under criteria observation after it revised its global master insurance criteria.

Generali's issuer default rating of A- and insurer financial strength rating of A-, the insurer financial strength ratings of A- of AachenMünchener Lebensversicherung AG, AachenMünchener Versicherung AG, ADVOCARD Rechtsschutzversicherung AG, Central Krankenversicherung AG, Cosmos Lebensversicherungs-AG, Cosmos Versicherung AG, Dialog Lebensversicherungs-AG, Generali Deutschland AG, Generali Deutschland Pensionskasse AG, Generali Versicherung AG, ENVIVAS Krankenversicherung AG, Generali IARD SA, Generali Vie SA, Generali España SA de Seguros y Reaseguros, Generali Versicherung AG, Wien and the issuer default rating of BBB of Generali (Schweiz) Holding AG were placed under criteria observation. The outlook of the ratings is negative.

The insurer financial strength rating of BBB and the long-term issuer default rating of BBB of Italy's Intesa Sanpaolo Vita SpA were placed under criteria observation. The outlook of these ratings is negative.

The BBB insurer financial strength rating and the BBB- long-term issuer default rating of Italy's ITAS Mutua were also placed under criteria observation. The outlook of the insurer financial strength rating is negative, while the outlook of the long-term issuer default rating is stable.

The long-term issuer default rating of A- of Madrid's Mapfre SA and the insurer financial strength ratings of A of its subsidiaries were also placed under criteria observation. The subsidiaries are MAPFRE España Compañia De Seguros Y Reaseguros SA, MAPFRE Global Risks SA, MAPFRE Vida SA de Seguros y Reaseguros, MAPFRE RE Compañía de Reaseguros SA and MAPFRE Asistencia Compañía Internacional de Seguros y Reaseguros SA. The outlook of the ratings is stable.

Also placed under criteria observation is the insurer financial strength rating and long-term issuer default rating of BBB of Italy's Poste Vita SpA. The outlook of these ratings is negative.

The BBB+ insurer financial strength ratings of Italy-based Società Reale Mutua di Assicurazioni and Madrid-based Reale Seguros Generales SA were also placed under criteria observation. The outlook of the ratings is negative.

The long-term foreign currency issuer default rating and long-term local currency issuer default rating of BBB+, as well as the short-term foreign currency issuer default rating of F2 of Italy-based SACE SpA were placed under criteria observation. The outlook of the long-term foreign and local currency issuer default rating is negative.

The BBB insurer financial strength rating of SIAT - Societa Italiana Assicurazioni e Riassicurazioni pA was placed under criteria observation. The outlook is negative.

Unipol Gruppo SpA's long-term issuer default rating of BBB and UnipolSai Assicurazioni SpA's insurer financial strength rating and long-term issuer default rating of BBB were placed under criteria observation. The outlook of these ratings is negative.

The insurer financial strength rating and long-term issuer default rating of BBB of Milan-based Vittoria Assicurazioni SpA were also placed under criteria observation. The outlook of these ratings is negative.

Also, the BBB- insurer financial strength rating of Allianz SE's Russia-based unit JSC IC Allianz was placed under criteria observation. The outlook is positive.