A.M. Best Places Zurich Specialties London Ltd. Under Review; Negative Implications

A.M. Best Co. has placed the financial strength rating of A (Excellent) of Zurich Specialties London Limited (ZSL) (United Kingdom) under review with negative implications.

The rating action reflects A.M. Best’s need to re-evaluate ZSL’s claims reserves position following significant reserve strengthening during the past two years and the potential impact of the third quarter 2003 increase in reserves on the company’s risk-adjusted capitalisation.

A.M. Best will continue to discuss this issue with ZSL’s management and aims to resolve the under review status in the near future.