AM Best reaffirms Lloyd's 'A' rating

AM Best has reaffirmed Lloyd's 'A' rating. The ratings agency recognised several factors that contributed to rating, including enhanced corporate governance and analysis, international expansion - particularly in Singapore and China - and a diminished strain on the central fund due to stabilising reserves. Analysts said underwriting discipline would remain strong in 2008 and into 2009, while claiming Lloyd's 'excellent' profile would allow it to keep ahead of competition in lower tax centres in