Reinsurance Renewal Round-up Mid-year 2023

Reinsurance Renewal Round-up Mid-year 2023
14th September 2023 Litmus' mid-year Reinsurance Renewal Roundup highlights diverging outcomes for the big 4 Continued price firming evident across the market year-to-date Diverging outcomes for the big four reinsurers at 1 July An examination of the P&C treaty renewals of the big four European reinsurance groupsRead more

Why S&P rated insurers and reinsurers should run the S&P prototype new capital model on themselves (if they haven’t already done so)

Why S&P rated insurers and reinsurers should run the S&P prototype new capital model on themselves (if they haven’t already done so)
S&P rated (re)insurers may not be told whether a UCO rating designation indicates a potential upgrade or downgrade until not that long before the UCO resolution rating committee. Effective planning for that means running the model on themselves as early as possible. 31st August 2023 Litmus understandsRead more

In a single step we expect more than 10% of S&P’s insurance ratings to be placed “under criteria observation” (“UCO”). UPDATE 30th August 2023

In a single step we expect more than 10% of S&P’s insurance ratings to be placed “under criteria observation” (“UCO”). UPDATE 30th August 2023
In a single step we expect more than 10% of S&P’s insurance ratings to be placed “under criteria observation” (“UCO”) Why?  And what does it mean for rated carriers and rating users? A Litmus Primer Contents Summary of key takeaways Timings & numbers of ratings impacted. WhyRead more

Litmus’ 5-step guide to how S&P’s new insurance capital model criteria will be implemented. UPDATE 30th August 2023

Litmus’ 5-step guide to how S&P’s new insurance capital model criteria will be implemented. UPDATE 30th August 2023
Litmus’ 5 step guide to how S&P’s new insurance capital model criteria will be implemented. S&P’s prior disclosure on the potential impact on ratings of its proposed capital model criteria changes suggests some rating upgrades and downgrades may occur as a result. Given the potential significance weRead more

SEMINAR INVITATION – Leveraging Solvency II Data to Enhance Business Decision Making

<strong>SEMINAR INVITATION - Leveraging Solvency II Data to Enhance Business Decision Making</strong>

We thought you might be interested in this forthcoming seminar, being hosted next week by AM Best at their London offices. If you would like to attend this event please advise Bryan Martyn at AM Best by e-mail or telephone (Bryan.Martyn@ambest.com / +44 20 7397 0292).

Read more

S&P reverses approach to releasing prototype capital model as part of updated model RfC process

S&P reverses approach to releasing prototype capital model as part of updated model RfC process
20th March 2023 On Tuesday 14th March S&P issued the following update to the Request for Comment (RfC) process around changes to its insurance capital model. For the background to the RfC’s current status see our recent blog here. “We have completed our review of the substantialRead more

Reinsurance Renewals Roundup January 2023

Reinsurance Renewals Roundup January 2023

Wide range of 1/1 premium rate and volume outcomes suggests very different sentiment among the ‘Big Four’ Reported results highlight fundamental differences in risk appetite and actions to optimise current market conditions, which may reflect divergent levels of comfort with the renewing book Litmus Analysis’ Reinsurance Renewal

Read more

S&P’s upcoming second Capital Model RfC: Litmus 5-step guide to how the process will work. UPDATE February 2023

S&P’s upcoming second Capital Model RfC: Litmus 5-step guide to how the process will work. UPDATE February 2023
S&P’s upcoming second Capital Model RfC: Litmus 5-step guide to how the process will work. UPDATE 22nd February, 2023 Summary S&P’s Request for Comment (“RfC”) process on its capital model is now 14 months old.  It created a huge response for the agency and, for some elementsRead more

S&P’s proposed changes to its insurance capital model: the background, what happens next and how the agency handles rating decisions in the meantime

S&P’s proposed changes to its insurance capital model: the background, what happens next and how the agency handles rating decisions in the meantime
S&P’s proposed changes to its insurance capital model: the background, what happens next and how the agency handles rating decisions in the meantime 22nd February 2023 Summary S&P launched a Request for Comment (“RfC”) on its insurance capital model in December 2021 The RfC received a hugeRead more

Litmus Research Highlights the Best and Worst Independent Cedants to Reinsure

Litmus Research Highlights the Best and Worst Independent Cedants to Reinsure
Detailed study of Europe’s independent carriers identifies which cedants are best for reinsurers 17th October 2022 In a highly competitive European reinsurance market gaining fundamentally profitable new clients is one key to successful growth. Litmus’ research shows those can be found away from the better-known groups; asRead more