Rating agency Moody's has downgraded the 'A' Very Good performance rating of R J Kiln's syndicate 557 to A- Good following its decision to drop the syndicate's capacity.
Moody's said that the Lloyd's franchise board's decision that the syndicate was "outside Chairman's Strategy Group guidelines" had led to the downgrade. The outlook is stable.
It added that the "one notch downgrade and stable outlook are predicated on there being no further material adjustments to the syndicate's business plan that would affect potential future profitability."
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.
