22nd Oct 2007 17:05
AMLIN PLC PRESS RELEASEFor immediate release22 October 2007 Amlin upgraded by AM Best Amlin, the leading Lloyd's insurer, is pleased to announce that AM Best havetoday upgraded the credit ratings of Amlin plc, Lloyd's Syndicate 2001 and AmlinBermuda. Amlin-owned Syndicate 2001 is upgraded to "A+" (Superior) from "A" (Excellent).AM Best cited the syndicate's superior operating performance, strong reservesand robust market profile derived from its well diversified account. The agencyalso noted the underlying strong risk management framework which is fullyembedded across the group's operations. Amlin Bermuda's financial strength rating has been upgraded to "A" (Excellent)from "A-" (Excellent), reflecting its prudent approach to underwriting andexposure monitoring, the diversity of its business, the proven ability toleverage the strong relationships between its management and broker channels andprospects for 2007-8. Amlin plc's issuer credit rating is upgraded to "a-" from "bbb+", and the debtratings to "bbb+" from "bbb". Amlin Chief Executive, Charles Philipps commented: "We are pleased with theseupgrades across the board which endorse Amlin's outstanding strengths inunderwriting, risk management and financial management." Enquiries: \* THannah BaleGroup Communications, Amlin plc 020 7746 1118 David Haggie/Peter RigbyHaggie Financial 020 7417 8989\* T Notes to Editors: Amlin plc is a recognised leader in the London insurance and reinsurance market,providing a global client base with risk management solutions. Amlin specialisesin four business areas: Aviation; Marine; UK commercial; and Internationalproperty and casualty insurance and reinsurance. A FTSE-250 quoted company,Amlin owns 100% of its £1bn capacity for 2007, which is written through Lloyd'sSyndicate 2001. Amlin's Syndicate is rated 'A+' (Superior) by AM Best and 'A1'(Stable) by Moody's. In November 2005, the company established Amlin Bermuda, a reinsurance businesscapitalised at US$1 billion and rated A (Excellent) by A.M. Best and A byStandard & Poor's. Copyright Business Wire 2007Related Shares:
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