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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Optimising your financial strength rating One Day course – London E1 – The Tower Hotel, Tower Bridge Wednesday 10th October 2018 9am – 5pm Introducing a new one-day course for non-life rated insurers and reinsurers and those considering getting rated. Does the rating process and decision
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Earlier this year the New Zealand carrier CBL Insurance Ltd was placed in interim liquidation. The parent group’s Irish carrier (CBL Insurance Europe DAC) has also been put into administration (though the group’s Australian carrier, Assetinsure Pty Ltd, stresses that it continues to operate normally). Whether the
Read more →All professions build mystiques. It’s intellectual protectionism. Lawyers use Latin a lot (not as much as they used to but their replacement phrases are almost as incomprehensible), accountants create impenetrable legislation and rules. You will have your own lists and examples. Actuaries, statisticians and modellers don’t really
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So close and yet so far! How to turn a positive outlook into an upgrade. Achieving a rating upgrade once the outlook has been changed to positive is often regarded as little more than a formality. However, what could be taken for granted may turn out to
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Re/Insurers rating downgrades: it’s not just about the capital! For almost all cedants and brokers the “financial strength” rating of their reinsurers remains a fundamental part of their selection process. For reinsurers, achieving and maintaining a rating at the desired level is mission critical. Many cedants themselves
Read more →Why reinsurers should worry about cedant financial failure Or “don’t buy the apartment without knowing the neighbourhood” We’ve been asking a question of reinsurers regularly over the last 18 months –Q. How much attention do you pay to the financial profile of the cedant?We’ve had a wide
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You and your Rating Agency – Top Tips In an update to our article first published in 2013 (“The Litmus First XI – Top Tips for Managing the Relationship with your Rating Agency”), we share some further insights we have gained over the last four years.
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Litmus is delighted to announce that we have been retained as ongoing consultants to The British Insurance Brokers’ Association (BIBA), providing technical support on issues that relate to broker use of credit ratings and the subject of insurer solvency more generally. The two organisations currently provide BIBA
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Fail to prepare…prepare to fail: Best’s new criteria will mean rating upgrades and downgrades. One of the lessons I learned when I moved into the world of ratings having been a broker was that the market only really focuses on ratings when the bad news comes out.
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