Moody's has downgraded six syndicates, in its latest quarterly review. Sterling Underwriting Agencies – which manages Syndicate 1093 – has slipped from "B- below average" to "C+ above average."
Crowe Syndicate Management, which manages Syndicate 1211, has moved from "B average" to "B- average."
Chaucer Syndicates, which manages Syndicate 0587, has been changed from "B+ above average" to "B average."
Denham Syndicate Management, which manages Syndicate 0990, has been changed from "B average" to "B- below average."
AE Grant, which manages Syndicate 0991, has been changed from from "B average" to "B- below average."
Wren Syndicates has been downgraded from "B average" to "B-below average."
