The story so far and a snapshot from the latest reports Since late 2016 BIBA has made its BIBA Litmus Test Report (the “BLTR”) service available to BIBA members. The service covers unrated carriers that are requested for inclusion by BIBA members. The BLTR provides a set
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Litmus Analysis today announced the launch of LitmusQST, a ‘plug and play’ service for insurers and reinsurers looking to stress test the credit profile of their insurance and reinsurance counterparties. The service is an extension of their (re)insurer financial profiling and credit scoring application LitmusQ, which is
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The ability of insurers and reinsurers to meet their policyholder obligations has always been a major concern for their clients. This is why so many buyers use ratings as a central plank of their insurer and reinsurer selection process. However, the early days of the Covid-19 pandemic
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Group Ark and Vantage Risk have both received “Preliminary Credit Assessments” (“PCAs”) from A.M. Best. While Litmus believes these provide valuable insight for potential counterparties, brokers and others the agency makes it very clear that a PCA is not the same thing as a rating. In the
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