AM Best downgrades MS Amlin’s Lloyd’s Syndicate 2001

Lloyd's building at dusk

The ratings agency also downgraded the insurers long-term issuer credit rating to bbb+ from a-. The ratings of MS Amlin’s Lloyd’s Syndicate 2001 were placed under review following the announcement in September 2015 that Amlin was to be acquired by Mitsui Sumitomo Insurance Company. MS Amlin Syndicate 2001, reported a loss for 2016 due to increased catastrophe losses and the effect of the Ogden discount rate change. The loss for the full year of 2016 was £35.1m compared to a profit of £134.3