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Moody's cuts Amlin ratings

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The rating agency has lowered Amlin's group subordinated debt ratings and the insurance financial strength rating of its Lloyd’s syndicate.

The group's SDR fell from Baa3 to Baa2, while the syndicate's IFSR dropped from A2 to A1.

Amlin AG, the insurer's Zurich-based catastrophe reinsurance business, saw its A2 IFSR affirmed. The outlook

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