Security

Security

Canopius Syndicates 4444 and 260 offer strong financial security, sharing the Lloyd's market Insurer Financial Strength ratings.

Every Lloyd's policy is supported by an A+ (Strong) Insurer Financial Strength rating from the rating agencies Standard & Poor's and Fitch and an A (Excellent) rating from A.M. Best.

In addition to its Insurer Financial Strength ratings, Standard & Poor's publishes Lloyd's Syndicate Assessments ("LSA") which evaluate on a scale of '1' (very high dependency) to '5' (very low dependency), the extent of a syndicate's dependence on the market rating. In 2008, Standard & Poor's upgraded Syndicate 4444's LSA to 3-/Stable.

Moody's Analytics assigns a Continuity Opinion of B (Average) with a stable outlook to Syndicate 4444.

Lloyd's unique capital structure, often referred to as the 'chain of security' provides excellent financial strength to policyholders. At the end of 2009, the net resources of the market (comprising capital, reserves and subordinated debt and securities) totalled £19,121m. Of this figure, £2,084m represented central assets, providing additional security for policyholders over and above members' assets. Lloyd's is regulated by the Financial Services Authority.

In addition, personal lines customers are protected by Canopius's membership of the Financial Services Compensation Scheme.

Canopius Group provides 85% of Syndicate 4444's capacity and 59% of Syndicate 260's capacity.

Business written by Canopius Bermuda Limited, our Class 3A reinsurance company in Bermuda is backed by capital of approximately $350 million.