Moody's upgrade
27 May 2005
Amlin plc, the leading Lloyd’s insurer, today welcomed Moody’s decision to upgrade its financial strength rating on Amlin’s Syndicate 2001 from A2 to A1.
Moody’s today said that the upgrade reflects the significant outperformance by Syndicate 2001 for the 2000 and 2001 years of account, the very positive and improving earnings outlook from the 2002 year of account, and the significant improvement in the financial profile of Amlin. Moody’s also said that it expects the syndicate, with its sound management controls, will continue to deliver above-average performance over the underwriting cycle.
Charles Philipps, CEO, commented “We are delighted with the rating upgrade. Amlin has gone from strength to strength over recent years and the A1 rating recognises this as well as reinforcing our strong credentials from a client perspective”.
