S&P: Montpelier syndicate unlikely to write to 2008 capacity
Ratings agency Standard & Poor's (S&P) has said that it believes Montpelier Re’s Lloyd’s syndicate 5151 is unlikely to write to its full capacity in 2008, due to soft market conditions.
Handing the outfit an interactive Lloyd's syndicate assessment of '3-' (average dependency) with a stable outlook, S&P's credit analyst Eoin Naughton said, "In light of the prevailing market
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