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
Read more →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 →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.
Read more →The science of corporate ‘enterprise’ risk management for insurers has developed exponentially over the last 10 years – from the silo based approach at the turn of the century, to the position today where even smaller re/insurers are considering the appointment of a CRO, a role that
Read more →Since the disappointing pricing at the 1.1. renewal the bad news on reinsurance pricing has kept on coming. April, June and July renewals were all reported as materially down by the major brokers. S&P adopted a ‘negative trend’ in its reinsurer ratings in direct response to the
Read more →Following S&P’s initial downgrade last month we noted that RSA faced a further risk to its rating without fresh equity. This reflected the fact that even prior to its recent problems RSA’s prospective capital was only consistent with an S&P ‘BBB’ range financial strength rating. At that
Read more →On the 21st November S&P moved its ‘A+’ rating for SCOR’s core carriers to a positive outlook. A return to the ‘AA’ range would highlight the remarkable transformation of the group’s profile from the difficult position it found itself in a decade ago. SCOR’s path to recovery
Read more →This is a technical article reviewing recent actions by S&P in implementing their new criteria on the reinsurance sector. If you are interested in understanding this further, would like further clarification or would like to comment please feel free to mail us at info@litmusanalysis.com. (*/** indicate references
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