Ratings agency Moody's has lowered several ratings of XL Capital, following its announcement that its fourth quarter results for 2003 had been hit by a reserving charge.
Moody's said it downgraded XL's senior unsecured debt rating from A1 to A2, and also lowered the insurance financial strength ratings of members of the XL Reinsurance America intercompany pool and XL Re from Aa2 to Aa3.
It said the ratings actions would not affect the ratings and outlooks for other AL Capital subsidiaries.
The outlook for all rated members of the XL Group are now stable, said the ratings agency.
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.
