Guidance for rated insurers on S&P’s new approach

Guidance for rated insurers on S&P’s new approach

Key changes to S&P’s Insurers Rating Methodology: A primer and Litmus guidance. S&P recently completed a “Request for Comment” (”RfC”) period for proposed changes to its Insurance Ratings Methodology*.  It is now reviewing the comments and finalising the criteria and the related guidance. While these may therefore

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Analysing Insurance Company Financial Statements

Analysing Insurance Company Financial Statements

What can you learn from financial statements? One Day course – London (City) Date: Wednesday 12th June 20199am – 5pm In house training also available, contact us for further details.  For many, analysing insurer financial statements is not part of ‘the day job’, so the accounts remain

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Litmus Top Tips on Market Security management for brokers

Litmus Top Tips on Market Security management for brokers

First thoughts on how brokers should consider the financial health of insurers In certain jurisdictions we have seen an increasing regulatory and market focus on the financial health of insurers, increasing the risk that brokers the blame for using an insurer that fails. In this discussion document,

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The myth of reinsurer earnings and interest rates

The myth of reinsurer earnings and interest rates

Why rising interest rates won’t, on their own, improve non-life reinsurers’ operational earnings. Non-life reinsurance pricing has been deemed inadequate by many market practitioners since 2014. While this has hit profitability, it is often seen as only part of the difficult environment for reinsurer earnings, the other

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Inflating the way to reserve deficiencies

Inflating the way to reserve deficiencies

Inflating the way to reserve deficiencies The dog that hasn’t barked Many market participants and analysts have been waiting for some time for casualty reserve releases to dry up and deficiencies to emerge.  Yet, while there have been a few high-profile cases of the latter, so far

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When is a BBB rating really the same as an A+?

When is a BBB rating really the same as an A+?

When is a BBB rating really the same as an A+? For most traditional reinsurers a credit rating from one of the main agencies remains a business requirement.  And in developed markets that rating often needs to be “A-“ or higher, at least if the reinsurer is

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Why reinsurance practitioners should understand the drivers of cedant ratings

Why reinsurance practitioners should understand the drivers of cedant ratings

Why reinsurance practitioners should understand the drivers of cedant ratings Even in those markets where ratings are fundamental to carrier selection, most practitioners tend not to dwell too much on the details of how ratings are decided. Yet, for reinsurers and reinsurance brokers with rated cedant clients,

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Keeping a Lookout for Outlooks

Keeping a Lookout for Outlooks

Keeping a Lookout for Outlooks Looking beneath the rating agency reinsurance sector announcements On 17 July 2018, Aon published an article remarking on the divergent outlooks the rating agencies have on the reinsurance sector, with Moody’s and S&P having a ‘stable’ outlook, while Fitch and A.M. Best

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What can you learn from an insurer’s financial statements?

What can you learn from an insurer's financial statements?

Understanding and interpreting insurance and reinsurance financials One Day course Date to be confirmed – If you’re interested in registering for this course, please follow the link below There’s a wealth of information to be found if you know where to look, giving you valuable insights into

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Introduction to the Mathematics of Reinsurance

Introduction to the Mathematics of Reinsurance

Introduction to the Mathematics of Reinsurance One Day course – London E1 – The Tower Hotel, Tower Bridge. Tuesday 18th September 2018 9am – 5pm “You don’t have to be an actuary to understand the principles underpinning reinsurance” Reinsurance is based in Mathematics, so it’s probably preferable

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