S&P’s surprise second capital model RfC extension: how and when will the final outcome be deployed?

S&P’s surprise second capital model RfC extension: how and when will the final outcome be deployed?
S&P’s surprise second capital model RfC extension: how and when will the final outcome be deployed? April 6th, 2022 Content summary S&P’s1 second RfC extension (to April 29th), and the sheer volume of questions S&P appears to be receiving, mean we are pushing our best guess timelineRead more

‘Big Four’ highlight continuing firming of P&C Reinsurance at January renewals

‘Big Four’ highlight continuing firming of P&C Reinsurance at January renewals
Litmus Analysis’ Reinsurance Renewal Roundup - January 2022 An examination of the P&C treaty renewals of the big four European reinsurance groups Lewis PhillipsConsultant Analyst Lucy StupplesConsultant Analyst   Introduction and Executive Summary The big four European reinsurers (Hannover Re, Munich Re, SCOR and Swiss Re) togetherRead more

Winners and losers are inevitable from S&P’s capital model proposals

Winners and losers are inevitable from S&P’s capital model proposals

Winners and losers are inevitable from S&P’s capital model proposals 10 December 2021 S&P flagged the impending arrival of an RfC1 on changes to its capital model 9 weeks ago, and the details of those changes hit the desks of rated insurers and reinsurers on Tuesday this

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Solvency II shows Acromas, Sabre and Admiral Gibraltar delivering 5 years of stand-out UK motor underwriting performance

Solvency II shows Acromas, Sabre and Admiral Gibraltar delivering 5 years of stand-out UK motor underwriting performance

Report Summary 5 years of Solvency II (“SII”) reporting allows a focussed look at gross, ceded and net underwriting performance by line. Using SII data from A.M. Best*, Litmus Analysis has developed a UK Market Motor cohort of insurers** in order to review carrier specific underwriting performance

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Learning from unrated insurers liquidations

Learning from unrated insurers liquidations
This Article first appeared in The Broker Magazine’s August 2021 issue A handful of insurance carriers covered by the BIBA Litmus Test Report have failed. Stuart Shipperlee reviews what stood out in their profiles, and how currently covered insurers compare. The BIBA Litmus Test Report (BLTR) is a facilityRead more

Reinsurance Renewal Roundup Mid-year 2021

Reinsurance Renewal Roundup Mid-year 2021

An examination of the P&C treaty renewals of the big four European reinsurance groups Lewis PhillipsConsultant Analyst The four major European reinsurance groups renewed EUR 12bn of P&C treaty premiums at mid-year 2021 Growth in renewed premiums at each of the three principal renewal periods in 2021

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The devil is in the detail of rating agency insurer and reinsurer peer analysis

The devil is in the detail of rating agency insurer and reinsurer peer analysis

How getting it right is crucial to ratings   Comparisons to peers play a fundamental role in how major rating agencies assess insurers and reinsurers   Rated carriers are both often unclear as to the analytical basis for this and even how and why a peer group

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Aviva France downgrades highlight a key risk for rating users.

Aviva France downgrades highlight a key risk for rating users.

How a change in group strategy can trigger individual carrier rating downgrades and how to manage the risk. Unexpected rating downgrades are a concern for policyholders and brokers alike. This is especially true when material downgrades happen even though the rated carrier’s stand-alone profile is unchanged, for

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The BLTR – Benchmarking the Credit Profiles of Unrated Carriers

The BLTR – Benchmarking the Credit Profiles of Unrated Carriers

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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