The title of the May 14th article concerning Standard & Poor’s removal of the Lloyd’s market from CreditWatch incorrectly had a dash/minus symbol attached to the ‘A’ rating. This was an error and has been corrected.
As the text of the article confirmed, Lloyd’s is rated single ‘A’ by S&P with neither a plus or a minus. A.M. Best rates Lloyd’s as ‘A-‘ (Excellent), which possibly explains the error.
The IJ would like to thank Akiko Kaji; an alert reader of our website in Japan, for bringing the error to our attention.
Topics Excess Surplus Lloyd's
Was this article valuable?
Here are more articles you may enjoy.
‘The Arms Race Is On’: Chubb’s Greenberg on Mythos, Middle East 
Another Appeals Court Balks at Class Action Over Auto Insurers’ ACV Methods 
Travelers to Expand Homeowners Insurance Offering in California 
Lemonade Logs Q1 Net Loss With Topline Growth 
