22nd Dec 2005 12:12
Amlin PLC22 December 2005 AMLIN PLC PRESS RELEASE For immediate release 22 December 2005 AMLIN BERMUDA LIMITED ACHIEVES 'A' RATING FROM S&P Amlin plc ("Amlin") today confirmed that its new Bermuda reinsurance operationhas been assigned 'A' counterparty credit and insurer financial strength ratings(IFRS) by Standard & Poor's, both with a stable outlook. The rating rationale noted Amlin's "strong and improving competitive position,its track record of strong earnings and its superior operational management" inexplaining that the ratings criteria S&P "would ordinarily apply to a start-upis not relevant in this case." The rating agency also assigned its interactive Lloyd's Syndicate Assessment of'4' to Amlin Syndicate 2001, also with a stable outlook. Major assessmentfactors included the Syndicate's "strong competitive position as the largest,and one of the most highly respected, at Lloyd's" and the fact that it has "consistently outperformed the Market in each of the five most recent years ofaccount." Richard Hextall, Finance Director, commented; "We are pleased that Standard &Poor's have considered the overall strength of the Amlin Group in reaching theserating assessments. We believe that leveraging the Group's profile andprocesses will prove a strong differentiator for Amlin Bermuda and its abilityto deliver on our strategy for growing our international business." -Ends- Enquiries: Charles Philipps, Amlin plc 0207 746 1000Richard Hextall, Amlin plc 0207 746 1000Hannah Bale, Amlin plc 0207 746 1118Peter Rigby, Haggie Financial 0207 417 8989/ 07803 851426 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Aston Martin Lagonda