In addition to the market ratings, the rating agencies also apply a range of other measures at a syndicate level.
In general, Lloyd's is not supportive of the rating of individual syndicates. All syndicates benefit from the strength of the Lloyd's brand, the global licence network and a wide range of other central activities carried out on behalf of the market. All policies written from 1993 at Lloyd's are backed by security that is partially mutualised via the Central Fund.
In most cases, therefore, Lloyd's believes that attempting to differentiate between syndicates by assigning individual financial strength ratings is not a meaningful analytical approach.
For further information on syndicate ratings please contact the rating agencies directly.
