AM Best has affirmed the Best's syndicate rating of ‘A' and the issuer credit rating of ‘a+' of syndicate 623 and syndicate 2623, which are both managed by Beazley Furlonge.
The ratings agency has also confirmed Beazley Group's issuer credit rating of ‘bbb+'.
The debt rating ‘bbb-‘ has been assigned to the $18m floating rate subordinated notes due 2034 issued by Beazley, the agency said.
The outlook for all ratings remains stable.
