Rating agency AM Best has placed the financial strength and debt ratings of the Trenwick Group under review with negative implications.
Despite steps taken earlier in the year to reduce its financial leverage, AM Best is concerned with Trenwick's ability to generate capital internally from earnings while servicing its financial debt obligations.
This action follows Trenwick's second quarter earnings release, which included significant growth in new business and a substantial elevation of the group's operating leverage.
The rating will remain under review as AM Best works closely with Trenwick to evaluate its capital management plan for each of its operating companies and the group's prospective earnings capacity.
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.
