AM Best affirms Atrium syndicate ratings
Rating agency AM Best has affirmed the ratings on Atrium Underwriters' Lloyd's syndicates 570 and 609 ahead of their merger next year.
Atrium is a subsidiary of Bermuda-based Ariel Holdings.
The merged capacity of the A rated syndicates will remain stable at £420mn next year, reflecting the expectation that market conditions will not materially improve for many of its lines of business.
However, as the merged syndicate will be a larger and more diverse underwriting unit, it should be better...
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