Rating news

AM Best Ratings has awarded a financial strength rating of A- (Excellent) and an issuer credit rating of “a-”. to The Swedish Club with a stable outlook, claiming the Club is expected to maintain an excellent risk-adjusted capitalisation throughout 2015. The Club said, with five years of profitable operations out of the last six, free reserves have increased from US$105.9m at year-end 2008 to US$164.8m at year-end 2013. AM Best said it expected risk-adjusted capitalisation to remain supportive of the ratings. Meanwhile, the London P&I Club took the decision to proceed to an interactive rating with Standard & Poor’s. The process has just completed, and S&P has confirmed the Club’s rating at BBB; Outlook Stable.