Amlin’s Syndicate 2001 downgraded
Amlin, the highest valued firm in The Insurance Insider's universe of listed global P&C (re)insurers, has had the rating on its flagship Lloyd's Syndicate 2001 downgraded by Moody's due to its poor performance in 2011.
Moody's cut the insurance financial strength rating for Syndicate 2001 from A1 to A2 today (18 September), citing the firm's "significant reduction in equity, some potential constraints on future capital growth, and a still relatively high risk appetite". The new rating has been given a...
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