Moody's Investors Service has confirmed its A1 insurance financial strength rating on Wellington's Syndicate 2020. The rating outlook is stable.
The syndicate is managed by Wellington Underwriting agencies, the wholly-owned subsidary of Wellington Underwriting plc.
The review on the syndicate was initiated following the World Trade Centre (WTC) events last September. Moody's said its concerns over the syndicate in the wake of WTC had now been mitigated, partly due to the quality of its reinsurance.
