Amlin awarded stable outlook by ratings agency
Fitch has rated Amlin’s financial strength as A+ and reported that Amlin plc's long-term issuer default rating was A- with a stable outlook for both.
Fitch said that the strength of Amlin's capitalisation underpinned the group's ratings.
The agency added that it viewed the key short-term risk for Amlin's capital position as being a level of catastrophe-related loss in 2012 in excess of the historical norm.
Natural catastrophe losses in 2011 led Amlin to report a combined ratio of 108% (2010: 89%), and Fitch said these results fell short of its expectations but that it anticipated a recovery of earnings through 2012.
"Fitch considers that the
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