A.M. Best Co. affirmed the financial strength rating of “A-” of the Lloyd’s market with a stable outlook. Lloyd’s has a financial size category of XV.
Lloyd’s excellent business profile, excellent capitalization and high standards of regulation influence the affirmation. Offsetting factors are the market’s weak financial performance; uncertainty caused by the sheer magnitude of losses Lloyd’s faces; certain issues arising from its Chairman’s Strategy Group proposals, and long-term uncertainty over the ultimate adequacy of Equitas’ reserves.
Lloyd’s benefits from its high-profile global brand and network of licenses and representative offices and has a leadership profile in many specialist classes of business and a strong relationship with its main market, the U.S. A.M. Best expects current market conditions to be particularly advantageous for Lloyd’s, because it has a strong profile in many of the lines of business that now are experiencing the most marked improvements in premium rates.
To submit information for this department, e-mail: sjones@insurancejournal.com.
Topics Trends Excess Surplus Lloyd's
Was this article valuable?
Here are more articles you may enjoy.
Florida Supreme Court Approves Board Certification in Insurance Law 
Hordes of Teens on E-Bikes Force Suburbs to Rewrite Road Rules 
AI’s Water Strain Includes Surging Demand From Electricity Use 
Supervisor’s Punching of Employees Enough for Tort Suit, NC Appeals Court Says From This Issue
