AM Best has kept Catlin Group's credit ratings under review with negative implications after the group's announcement that its £591m offer for Wellington Underwriting PLC had been declared unconditional.

AM Best said that this was because data that they requested has not been supplied.

Credit analysts said: "This has prevented completion of AM Bests review of the likely impact of future major events on Catlin's consolidated risk-adjusted capitalisation."

The ratings agency said that it expects to complete the review in the first quarter of 2007.

However, reports cited analyst fears that Catlin will see its credit rating downgraded following the Wellington deal because of the large increase in debt gearing to finance the deal.

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.