Moody’s rates Amlin Bermuda a notch below its parent
Moody's has assigned an A2 insurance financial strength rating (IFSR) to new reinsurance start-up Amlin Bermuda with a stable outlook. At the same time, Moody's affirmed with a stable outlook the A1 IFSR on Amlin's Lloyd's syndicate 2001 and the Baa3 subordinated debt rating of their Amlin plc parent company.
With regard to Amlin Bermuda, which is ultimately 100% owned by Amlin, Moody's said that the A2 IFSR reflects the company's good access to catastrophe and other reinsurance business via syndicate 2001
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