Syndicate Research downgrades Cathedral

Lloyd's independent research firm Syndicate Research Ltd (SRL)
has downgraded its rating of Cathedral syndicate 2010 from B+ to B.
The company said the move followed a raft of senior departures
from the business, including two of the syndicate's active
underwriters and three senior underwriters responsible for over 85
percent of the its underwriting.
This was in addition to the resignations from the Lloyd's
group holding company of CEO Peter Scales and financial director
John Lynch revealed by T