Core elements of difference in A.M. Best and S&P rating criteria On 10 March 2016 A.M. Best published its draft insurance rating criteria for public comment. The initial comment period closed on 30 June and updated criteria reflecting Best’s reactions to the comments, and a further comment period, are expected later this year, with the stated goal to release and implement the final criteria in early to
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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 →Standard & Poor’s (S&P) recent release of the details of its review of the ratings of the 11 out of 13 members of the International Group (IG), which are interactively rated, brought with it a number of changes. The arrival of the new criteria has given S&P
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
Read more →As S&P continues to roll out ratings reflecting its new insurance criteria, those of Spanish reinsurers Nacional Re and Mapfre Re give a specific illustration of the impact of the sovereign rating. Many market participants have viewed the two reinsurers as fundamentally ‘A’ range security prior to
Read more →The article below refers to Standard & Poor’s (S&P) new criteria document ‘Criteria | Insurance | General: Insurers: Rating Methodology’, dated 7 May 2013. In changing its criteria, S&P’s three stated goals have been to increase transparency, to make the ratings more prospective and to enhance consistency.
Read more →Controversial though they can be, financial strength ratings, and particularly those from S&P and AM Best, continue to be central to the transaction process in reinsurance globally and in many primary markets. The confirmation this week of fundamental changes in S&P’s ratings process is therefore, to borrow
Read more →This is an article written by Stuart Shipperlee in November 2012, before this blog existed. Nevertheless the content is still relevant and presages potential important news later this year. At its latest seminar this week, S&P confirmed again that rating changes, including some downgrades, are highly likely
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