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Rating affirmed with revised outlook

26 Jul 2016

AM Best has affirmed the Lloyd’s rating of A (Excellent) but has revised the outlook to stable from positive.

The AM Best press release stated:

“The rating affirmations reflect Lloyd’s strong and stable risk-adjusted capitalisation, excellent business profile and recent strong underwriting performance. The revision of the outlooks to stable from positive reflects A.M. Best’s view that an upgrade of the ratings in the short term is unlikely, owing to pressure on Lloyd’s competitive position and prospective financial performance in an increasingly difficult operating environment.”

The current ratings are now:

•         A+ Strong (stable outlook) from Standard & Poor's, 
•         AA-Very Strong (stable outlook) from Fitch and 
•         A Excellent (stable outlook) from A.M. Best

 

- Scott Galloway, Lloyd’s General Representative in New Zealand

 

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