Moody's has reaffirmed its ratings for ACE's Lloyd's syndicate, despite the unexpected departure of the group's chief executive John Charman last week.

The rating agency said it would continue to give syndicate 2488, the underwriting vehicle of ACE Global Markets (AGM), an excellent (Aa2) insurance financial strength rating and a good (A) performance rating.

Syndicate 2488 is the largest syndicate in Lloyd's, with a capacity of around US $1.1bn (£770m) and an estimated gross premium written of about US $900m (£631.4m).


The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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