Rating agency Fitch has affirmed Amlin’s Insurer Financial Strength (IFS) rating of 'A+', and its Long-term Issuer Default Rating (IDR) rating of 'A-'.
The agency has also rated Amlin’s subordinated notes at 'BBB-'. All outlooks are stable. In a statement the agency said: “The strength of Amlin's capitalisation, as assessed by Fitch on a risk-adjusted basis, underpins the group's ratings.
“Capitalisation based on this measure is expected to return to being commensurate with the current rating level at end-2012, following a reduction in shareholders' funds at end-2011.
“The agency views the key short-term risk for Amlin's capital position as the industry's common risk of a level of catastrophic loss in excess of the historical norm, in 2012.”