Why S&P rated insurers and reinsurers should run the S&P prototype new capital model on themselves (if they haven’t already done so)

Why S&P rated insurers and reinsurers should run the S&P prototype new capital model on themselves (if they haven’t already done so)
S&P rated (re)insurers may not be told whether a UCO rating designation indicates a potential upgrade or downgrade until not that long before the UCO resolution rating committee. Effective planning for that means running the model on themselves as early as possible. 31st August 2023 Litmus understandsRead more

In a single step we expect more than 10% of S&P’s insurance ratings to be placed “under criteria observation” (“UCO”). UPDATE 30th August 2023

In a single step we expect more than 10% of S&P’s insurance ratings to be placed “under criteria observation” (“UCO”). UPDATE 30th August 2023
In a single step we expect more than 10% of S&P’s insurance ratings to be placed “under criteria observation” (“UCO”) Why?  And what does it mean for rated carriers and rating users? A Litmus Primer Contents Summary of key takeaways Timings & numbers of ratings impacted. WhyRead more

Litmus’ 5-step guide to how S&P’s new insurance capital model criteria will be implemented. UPDATE 30th August 2023

Litmus’ 5-step guide to how S&P’s new insurance capital model criteria will be implemented. UPDATE 30th August 2023
Litmus’ 5 step guide to how S&P’s new insurance capital model criteria will be implemented. S&P’s prior disclosure on the potential impact on ratings of its proposed capital model criteria changes suggests some rating upgrades and downgrades may occur as a result. Given the potential significance weRead more

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

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