Rating agency A.M. Best has downgraded the financial strength rating to B+ (very good) from A- (excellent) of Through Transport Mutual Insurance Association (TT Club), Bermuda, and assigned a negative outlook.
The agency said the downgrade "reflects the significant reduction in surplus as a consequence of the reserve strengthening undertaken in 2001 and the impact of this on the Club's financial performance in the short to medium term."
Among its expectations for the club's future, A.M. Best listed a gradual increase in capital and surplus, improving underwriting profitability and the unlikelihood of the need for additional major reserve strengthening exercises.
The Awards Ceremony on Wednesday, December 3rd, at the stunning JW Marriott Grosvenor House London, is the biggest night in the UKGI calendar.
It's the perfect way to acknowledge hard work, inspire your team, and network with industry leaders.
Crucially, as many of our attendees have done before, you can use your table booking as the perfect, hassle-free Team Christmas Party, combining prestige, celebration, and a memorable night they'll talk about all year!
It's the perfect way to acknowledge hard work, inspire your team, and network with industry leaders.
Crucially, as many of our attendees have done before, you can use your table booking as the perfect, hassle-free Team Christmas Party, combining prestige, celebration, and a memorable night they'll talk about all year!
Tables are selling fast for this exclusive event. Don't miss your chance to secure a prime spot and give your team the recognition and celebration they deserve.
