Moody's downgrades Wellington 2020
Moody's Investors Service has downgraded to A2 from A1 the Insurance Financial Strength rating of Lloyd's syndicate 2020 reflecting the impact of the 2005 US Hurricanes on the syndicate's financial strength.
Furthermore, a negative outlook has been assigned to the A- Good performance rating of syndicate 2020. These rating actions conclude the review for possible downgrade of the ratings initiated on 8th
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