DRS Bond Management – FCA & CBI – Approved List of Sureties as at 1st October 2024

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Credit ratings from Standard & Poor’s for Sureties approved in the UK & Ireland, which all meet/exceed the minimum rating for “investment grade” counter party risk of “A-“:

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• Accelerant Insurance Europe SA*: “A-” rated*

• Aviva Insurance Limited: “AA-” rated

• Chubb European Group SE: “AA” rated

• Euler Hermes S.A.: “AA” rated

• HCC International Insurance Company PLC: “A+” rated

• Liberty Mutual Insurance Europe SE: “A” rated

• Markel International Insurance Company Limited: “A” rated

• Mitsui Sumitomo Insurance Company (Europe) Limited: “A+” rated

• QBE Europe SA/NV: “A+” rated

• Royal & Sun Alliance Insurance Limited*: “A” rated

• Swiss Re International SE: “AA-” rated

• Travelers Insurance Company Limited: “AA” rated

• Tryg Forsikring A/S**: “A1” rated

• Zurich Insurance Company Limited: “AA” rated

* A.M. Best rating, not rated by Standard & Poor’s