Standard & Poor's Ratings Services has removed Lloyd's fromcredit watch and affirmed its ratings after reassurances the marketcould handle its hurricane losses.

S&P said today that it has affirmed its "A" long-terminsurer financial strength rating and its "A" long-termcounterparty credit rating and "triple-B-plus" long-term juniorsubordinated debt rating on Lloyd's Market.

S&P also removed Lloyd's from credit watch, where they hadbeen placed with negative implications on Sept. 9. The outlook isstable.

Continue Reading for Free

Register and gain access to:

  • 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

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.