Amlin PLC
21 December 2005
AMLIN PLC
PRESS RELEASE
For immediate release
21 December 2005
AMLIN BERMUDA LIMITED RATED A2 BY MOODY'S
Amlin plc ('Amlin') today confirmed that its new Bermuda reinsurance operation
has been assigned an A2 insurance financial strength rating (IFSR) with a stable
outlook by Moody's.
The rating rationale explained that Amlin Bermuda's 'good access to catastrophe
and other reinsurance business via syndicate 2001 (A1 IFSR) which has
significantly out-performed in recent years', offset the risks normally
associated with start-up operations.
Separately, Moody's affirmed Amlin's Syndicate 2001 IFSR rating of A1 and Amlin
plc's subordinated debt rating of Baa3, both with stable outlook.
Richard Hextall, Amlin's Finance Director commented; 'Moody's have rated
Syndicate 2001 for a number of years and we are pleased that they have awarded
this rating to our Bermuda business.'
Enquiries:
Charles Philipps, Amlin plc 0207 746 1000
Richard Hextall, Amlin plc 0207 746 1000
Hannah Bale, Amlin plc 0207 746 1118
Peter Rigby, Haggie Financial Limited 0207 417 8989/
0780 385 1426
This information is provided by RNS
The company news service from the London Stock Exchange
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