11 November 2014 Insurance

Lloyd’s upgrades ERS’ Solvency II readiness

Lloyd’s has upgraded ERS, formerly Equity Red Star, Syndicate 218’s status for readiness for Solvency II from red to amber.

In a capacity auction disclosure, ERS said that Lloyd’s Capital and Planning Group had amended the syndicate’s status, subject to ERS meeting certain conditions, which if not met would lead to a rating revision back to red.

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