Am Best has placed its financial strength rating of A for the Trenwick Group under review, with negative implications.

The move comes after the insurer and reinsurer posted a loss of $50.8m (£35.1m) for the second quarter of 2001.

It also reported additional reserve strengthening – the third such action since 1999.

AM Best has expressed concern over whether Trenwick can restore profitablity to levels fitting of an A rating.

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