Rating Agencies
$1.9B Deal for Platinum Gives RenRe Bigger U.S. Casualty Share
The $1.9 billion cash-stock deal by RenaissanceRe Holdings Ltd. for Platinum Underwriters Holdings will create a $4 billion company with a bigger footprint in the U.S. casualty and specialty ...
S&P Says Growth Still the Biggest Factor in Carrier Exec Comp
More than 50 percent of insurers use growth as a key metric to set executive compensation, according to a recent report. The report by Standard & Poor's Rating Services summarized findings of an ...
Industry Disrupters Will Cut Distribution, Dispute Resolution Costs, P/C Execs Say
Property/casualty insurance industry executives peering out into the future aren't singularly focused on capital providers as potential industry disrupters in the years ahead. Brian Duperreault, ...
Underreserving, Balance Sheet Fundamentals Taking a Back Seat in Rating Agency Analyses
Loss and loss adjustment expense (L&LAE) reserving and reported income are but two components of a thorough, all-encompassing rating agency analysis of an insurer. Today, more than ever before, ...
Questions About ERM Linger Over International Fidelity Insurance: A.M. Best
Although A.M. Best has affirmed the "A-"International Fidelity Insurance's "A-" financial strength rating, the rating agency said it has assigned a negative outlook to the ratings for IFIC and ...
Validus’ Newly Acquired Western World Ops Lose ‘A+’ A.M. Best Rating
Although rating agency A.M. Best says Validus Holdings' Oct. 2, 2014 acquisition of Western World Insurance Group means greater financial flexibility for the acquired excess and surplus lines ...
‘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. ...