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S&P upgrades QBE Syndicate 2999 to ‘5’ LSE rating

The Lloyd's building

Ratings agency Standard and Poor’s has upgraded its Lloyd’s Syndicate Assessment rating for QBE Syndicate 2999 to “5/Stable”.

The agency also affirmed the "5/Stable" rating of QBE Syndicate 386.

The two syndicates are the only ones within Lloyd's to carry the "5" rating.

According to a statement from QBE, Syndicate 2999 was

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