A.M. Best Upgrades Lloyd's

NU Online News Service, Aug. 12, 10:04 a.m. EDT?A.M. Best Co. has upgraded the rating of Lloyd's of London saying the market shows improved capitalization, but there is still worry about the long-term effects from asbestos and environmental risk.[@@]

The Oldwick, N.J.-based insurance rating service raised the financial strength rating to "A" (Excellent) from "A-minus" (Excellent). Best also assigned an issuer credit rating of "a" to Lloyds. The outlook is stable, the rating service added.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.