Our Security

HAIM acts as a Coverholder for Lloyd’s syndicate 382, which as well as being managed and capitalized 100% from within the Hardy Group, benefits from the full Lloyd’s chain of security. All Lloyd’s syndicates receive, as minimum, the Lloyd’s market rating from the major rating agencies, which are:

	A.M. Best	A (excellent); stable outlook*
	Fitch	A+ (strong); stable outlook*
	S&P	A+ (strong); stable outlook*

The Central Fund is available at the discretion of the Council of Lloyd’s to meet any valid claim that cannot be met by the resources of any member. As all Lloyd’s policies are ultimately backed by this common security, a single market rating can be applied. In addition, Arig has deposited a standing Letter of Credit with Hardy as part of an additional commitment to its participation in HAIM’s accounts.

* Rating status as at January 2010