Moody's said it has withdrawn the ‘C+' below average performance rating of syndicate 2962, Creechurch Underwriting.

The ratings agency said it has taken the step following the merger of the syndicate into Creechurch syndicate 1607 for 2005.

It has also withdrawn the ‘B' average performance rating of syndicate 1036, Limit Underwriting, following the merger of the syndicate into Limit umbrella syndicate 2999 for 2005.

Moody's said the ‘B' Average performance rating of syndicate 980, Limit Underwriting, has also been withdrawn after it confirmed that it's business has been transferred to a QBE company operation for 2005.

Topics