A.M. Best has affirmed the financial strength and credit ratings of Lloyd's, asserting its central solvency capital is likely to remain strong through this year.
The Oldwick, N.J.-based ratings agency affirmed the financial strength rating of "A" (excellent) and issuer credit rating of "a" for the London-based insurance market.
Luke Savage, Lloyd's director of finance and risk management, expressed satisfaction with the action. "Given last year's record natural catastrophes, we are particularly pleased A.M. Best has recognized the progress that Lloyd's has made in preparing for and dealing with catastrophes."
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