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Article: A.M. Best Affirms Ratings of Lloyd's Syndicates 2623 and 623.
- Article from:
- Health & Beauty Close-Up
- Article date:
- October 31, 2009
CopyrightCOPYRIGHT 2009 Close-Up Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A.M. Best Co. has affirmed the Best's Syndicate Ratings of A (Excellent) and issuer credit ratings (ICR) of "a+" of Lloyd's Syndicate 2623 and Lloyd's Syndicate 623 (United Kingdom).
At the same time, A.M. Best has affirmed the ICR of "bbb+" of Beazley plc (Beazley) (Jersey), the ultimate holding company of the Beazley group of companies, and of Beazley Group Limited (United Kingdom), an intermediate holding company. A.M. Best also has affirmed the debt ratings of "bbb" on the GBP 150 million junior subordinated notes due 2026 and the USD 18 million junior subordinated notes due 2034 issued by Beazley Group Limited. The outlook on all ratings is stable.
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