Moody's has assigned a positive outlook to the B (average) performance rating of Syndicate 318, managed by Beaufort Underwriting Agency.
It said the action followed the publication of the syndicate's results for the 2001 year of account.
The ratings agency said that the main ratings issues would include the likely effectiveness of management controls within the independent business following its recent management buy-out.
The extent of the syndicate's reliance on reinsurance and the agency's strategy for developing the syndicate into an established business will also be important ratings issues, it said.
Beaufort Syndicate 318 is a short-tail property orientated syndicate backed predominantly by third-party capital.
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.
