We thought you might be interested in this forthcoming seminar, being hosted next week by AM Best at their London offices. If you would like to attend this event please advise Bryan Martyn at AM Best by e-mail or telephone (Bryan.Martyn@ambest.com / +44 20 7397 0292).
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Wide range of 1/1 premium rate and volume outcomes suggests very different sentiment among the ‘Big Four’ Reported results highlight fundamental differences in risk appetite and actions to optimise current market conditions, which may reflect divergent levels of comfort with the renewing book Litmus Analysis’ Reinsurance Renewal
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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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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.
Read more →Although effectively communicating the output is likely to be critical for European re/insurers Periodically we hear the comment that the required publication by EU domiciled re/insurers of details on their financial health under Solvency II (SII) may remove market demand to see re/insurer ratings. Here at Litmus, we seriously doubt that. Fundamentally the information that will be disclosed under SII will have to be interpreted by the user in order
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A message for the rating agencies One of the key elements of the rating process is ‘competitive position’, which for reinsurers refers to their ability to attract and retain business in a tough market place. The rating agencies understandably tend to believe that ‘pricing power’ is vital
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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
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On the 20th January, S&P announced that – for the first time since 2006 – it expects a negative trend in reinsurer ratings in 2014. Of the 23 groups (including ‘Lloyd’s) it defines as ‘global reinsurers’ it notes that ‘nearly half’ are materially exposed to the competition
Read more →During the summer both A.M. Best and Fitch assigned ‘positive’ outlooks to their current Lloyd’s market ratings. S&P did so last year. Translating the A.M. Best rating scale to the one used by S&P and Fitch this means that Lloyd’s is rated ‘A+’ with a positive outlook
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