A.M. Best Co. has issued a comment acknowledging the announcement by the Bermuda-based Catlin Group Limited (CGL) of its intention to proceed with an initial public offering of common shares and admission to the London Stock Exchange.
Best said it “is awaiting full details of the offering. Following completion of discussions about these details with senior management at CGL.” Best indicated it “assess the impact on the ratings of Catlin Insurance Company Limited (Bermuda) (currently rated A [Excellent] with a stable outlook) and Lloyd’s Syndicate 2003 (currently rated A [Excellent] with a stable outlook), which is managed by Catlin Underwriting Agencies Limited.”
Was this article valuable?
Here are more articles you may enjoy.
Four in New Jersey Face Charges in Alleged $250K Travel Insurance Scam 
’60 Minutes’ Homeowners Ask Court to Force DFS to Divulge Heritage Probe Info 
10 Highest Class-Action Settlements in 2025 Eclipsed $70B Total: Duane Morris 
Howden Buys M&A Insurance Broker Atlantic Group in US Expansion 
