Amlin Bermuda Limited Rated A2 By Moody's
21 December 2005
Amlin plc today confirmed that its new Bermuda reinsurance operation
has been assigned an A2 insurance financial strength rating (IFSR)
with a stable outlook by Moody's.
The rating rationale explained that Amlin Bermuda's "good access to
catastrophe and other reinsurance business via syndicate 2001 (A1
IFSR) which has significantly out-performed in recent years", offset
the risks normally associated with start-up operations.
Separately, Moody's affirmed Amlin's Syndicate 2001 IFSR rating of
A1 and Amlin plc's subordinated debt rating of Baa3, both with stable
outlook.
Richard Hextall, Amlin's Finance Director commented; "Moody's have
rated Syndicate 2001 for a number of years and we are pleased that
they have awarded this rating to our Bermuda business."
