S&P report: Equitas 10 years on

A report from ratings agency Standard & Poor’s has said that Equitas still faces risks of undercapitalisation in certain situations. The report said “Standard & Poor’s current view that Equitas is insufficiently capitalised to run off successfully in some scenarios means there is the potential for Equitas to have a negative impact on Lloyd’s by undermining confidence in the market among, in particular, clients, brokers and capital providers.”