Reassurance on recent developments with AIG

In addition to the recent arrangement between AIG and the Federal Reserve Bank of New York, Ascot Underwriting Limited (Ascot) would like to offer the following reassurance to our brokers, clients, and reinsurers.

As a Lloyd's Syndicate (1414) we continue to enjoy the credit ratings assigned to Lloyd's: A (Excellent) from AM Best and A+ (Strong) from S&P and Fitch. In addition, we are part of the Lloyd's Chain of Security and all policies written by Ascot are backed by the security of the Central Fund.

We continue to write business as usual and do not foresee any disruption in our operations.  

Click here to read more about Lloyd's Chain of Security: UK Version, US Version.

 

Click here to view the the AIG press release about the agreement with the Federal Reserve Bank of New York: AIG Signs Definitive Agreement with Federal Reserve Bank of New York for $85 Billion Credit Facility