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

Lloyd's building at dusk

AM Best has downgraded the financial strength rating of MS Amlin's Lloyd's syndicate 2001 to A from A+.

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

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Hidden risks in insurers’ culture and misconduct data

Insurers are under growing regulatory pressure to treat non-financial misconduct as a core conduct risk, according to Loka Venkatramana from Pathlight Associates, who says they should use cultural and behavioural data with the same rigour as financial metrics to identify and address problems before they damage customers, staff or the market.

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