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.
A-Cap Insurers File Suit Against SCDOI Director; AM Best Downgrades Group 
Florida’s Commercial Clearinghouse Plan Hits a Snag, With OIR and Board Concerns 
New Data Centers Worth $68 Billion Disrupted in US, Data Show 
FEMA’s New Flood Maps Means More Homes Require Flood Insurance: Cotality 
