AM Best has assigned an A (excellent) rating with a stable outlook to Kiln Syndicate 510.
The ratings agency said that the move reflects the syndicate's excellent current and prospective operating ...
AM Best has assigned an A (excellent) rating with a stable outlook to Kiln Syndicate 510.
The ratings agency said that the move reflects the syndicate's excellent current and prospective operating performance, in addition to the financial strength of the Lloyd's Market, which underpins all Lloyd's syndicates.
A Kiln spokesman said: "It is a recognised market leader in the five main business groups it operates in - accident and health, aviation, marine/special risks, property and reinsurance - enabling the syndicate to determine pricing and underwriting terms.
"Recent premium growth has further enhanced its market position."
AM Best said that the syndicate has a record of strong operating results.
Profitability is forecast to return for the 2001 year of account (2.5% on capacity) despite a sizeable loss of £96.7m from 11 September.
Syndicate 510 also has a good market profile for many of the short tail classes in which it specialises.
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