The title of the May 14th article concerning Standard & Poor’s removal of the Lloyd’s market from CreditWatch incorrectly had a dash/minus symbol attached to the ‘A’ rating. This was an error and has been corrected.
As the text of the article confirmed, Lloyd’s is rated single ‘A’ by S&P with neither a plus or a minus. A.M. Best rates Lloyd’s as ‘A-‘ (Excellent), which possibly explains the error.
The IJ would like to thank Akiko Kaji; an alert reader of our website in Japan, for bringing the error to our attention.
Topics Excess Surplus Lloyd's
Was this article valuable?
Here are more articles you may enjoy.
How Insurers Know When It’s Time to Scale AI 
‘We’ll Want Some Proof’: State Farm CEO’s Take on NY Auto Insurance Reforms 
AM Best Upgrades Credit Ratings of Missouri’s Columbia 
NAIC Victim of Cyber Incident Via PeopleSoft System 
