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(From Lloyds List)
AEGIS Managing Agency has welcomed the decision of rating agency AM Best to award its syndicate 1225 its first financial security rating, of A (excellent), reports James Brewer.
The syndicate, with a capacity for 2005 of GBP175m ($332m), is the Lloyd's operation of Bermuda-based mutual insurer Aegis (Associated Electric ' Gas Insurance Services), which serves the US energy market. According to AM Best, the syndicate has excellent prospective performance, a strong profile for its core energy business and solid ...