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

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

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

‘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