Moody's has today changed the outlook on the 'B'average performance...
Moody's has today changed the outlook on the 'B' (average) performance rating of Syndicate 780, managed by Advent Underwriting Agency, to negative from stable.
The ratings agency said the change has been made in light of concerns over future capital support for the syndicate.
Syndicate 780's capacity has been reduced to £153m for 2005 from £216m in 2004.
Moody's stated that it would be reviewing the outcome of the strategic review and in the absence of any positive progress towards resolving the syndicate's capital position, would likely take further negative rating
action.
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.
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.
