AM Best today revised its outlook to positive (from stable) for Lloyd’s whilst affirming a Financial Strength Rating of A (Excellent) and Long Term Issuer Credit Ratings of “a+” (Excellent).
“I am pleased to see AM Best recognise the improvement in Lloyd’s underwriting performance and the quality, strength and stability of our balance sheet.”Burkhard Keese, Chief Financial Officer, Lloyd’s
Notes to Editors
Lloyd’s strong financial strength ratings are A+ (Strong) stable outlook with Standard & Poor’s, A (Excellent) positive outlook with A.M. Best, AA- (Very Strong) with Fitch Ratings and AA- (Very Strong) with Kroll Bond Rating Agency.
Lloyd’s is the world’s leading marketplace for commercial, corporate and specialty risk solutions. Through the collective intelligence and expertise of the market’s underwriters and brokers, we’re sharing risk to create a braver world.
The Lloyd’s market offers the resources, capability and insight to develop new and innovative products for customers in any industry, on any scale, in more than 200 territories.
We’re made up of more than 50 leading insurance companies, over 380 registered Lloyd’s brokers and a global network of over 4,000 local coverholders. Behind the Lloyd’s market is the Corporation: an independent organisation and regulator working to maintain the market's successful reputation and operation.
We’re working to build solutions for the most current and prevalent threats. As Chair of the Insurance Task Force for HRH The Prince of Wales’s Sustainable Markets Initiative, Lloyd’s is bringing the industry together to insure the transition to net zero. Our research community is pooling expertise from across the industry to provide cutting edge insight on systemic risks from climate change to cyber security.
And through our digital-led strategy, The Future at Lloyd’s, we’re making it easier and cheaper to place, price and process cover in the Lloyd’s market.