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

Hiding in plain sight: How a cedant’s reinsurance recovery risk can dramatically increase at exactly the worst moment.

Hiding in plain sight: How a cedant’s reinsurance recovery risk can dramatically increase at exactly the worst moment.
Hiding in plain sight: How a cedant’s reinsurance recovery risk can dramatically increase at exactly the worst moment. 9th September 2022 For many cedants a well-structured reinsurance programme with well-rated reinsurers is both economically rational and central to their ability to focus on business-as-usual. Unfortunately, this worldRead more

Reinsurance Renewal Roundup Mid-year 2022

Reinsurance Renewal Roundup Mid-year 2022

Litmus’ mid-year Reinsurer Renewal Roundup highlights diverging outcomes for the big 4 Continued price firming evident across the market Diverging outcomes for the big four reinsurers An examination of the P&C treaty renewals of the big four European reinsurance groups Lewis PhillipsConsultant Analyst With around 40% of

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Stress testing reinsurance carrier resilience to reserve shocks – how much of a hit can they withstand?

Stress testing reinsurance carrier resilience to reserve shocks – how much of a hit can they withstand?
The credit profiles of 35 leading reinsurance carriers show significant overall resilience to major reserve shocks, but with some very big individual variances. 23 May 2022 1. Executive summary Litmus’ research suggests a significant overall resilience to major reserve stresses across 351 leading non-life reinsurance carriers. However, theRead more

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