Rating Agencies
‘Industry’ Loss Reserve Studies Not Meaningful: Demotech Analysis
Insurance literature is replete with articles, analyses, studies and discussion documents related to industry loss and loss adjustment expense (L&LAE) reserves, the impact of L&LAE reserve ...
PCI Conference Report: Gen Re CEO Say Hedge Funds Come and Go
"Twisted financial theories" and rating agency support are keeping the reinsurance space attractive to third-party investors, a reinsurance executive asserted at an industry conference this week. ...
A.M. Best Affirms Greenlight Re at A; Upgrades Ireland Unit
A.M. Best announced Thursday that the rating agency has upgraded the financial strength rating (FSR) of Greenlight Reinsurance Ireland, Limited (Ireland) to "A "(excellent) from "A-"(excellent). The ...
S&P Has More Homework to Do on Hedge-Fund Reinsurers: Execs
Responding to skepticism about the business models and risk cultures of a new crop of Bermuda reinsurers expressed by Standard & Poor's in a recent report, executives of three recent startups ...
Hanover Insurance Gets Ratings Affirmation in Advance of Q3 Earnings
The Hanover Insurance Group doesn't release its 2014 third quarter financial results until Oct. 29. But Fitch Ratings has given the Massachusetts-based U.S. property/casualty insurer an early bit of ...
A.M. Best Puts Arch JV Partner Gulf Reinsurance Limited Under Review
A.M. Best has placed the financial strength rating of A- (Excellent) of Gulf Reinsurance Limited (Gulf Re) (United Arab Emirates) under review with negative implications. The under review with ...
Hurricane Odile Losses Mount for Mexican Insurers; Credit Negative, Moody’s Says
Reporting a preliminary assessment of just under $1 billion from a Mexican insurance trade group, Moody's said substantial claim losses from Hurricane Odile are a credit negative for Mexican ...
‘A’ Ratings Unlikely for Hedge Fund Reinsurers for Now: Fitch
Newly formed hedge fund reinsurers are unlikely to achieve an insurer financial strength rating in the 'A' category under Fitch Ratings' methodology, the rating agency said last week. Fitch pointed ...