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No direct capital requirement for catastrophe risk in BCAR update: A.M. Best

Rating agency A.M. Best has changed a proposed update to its Best’s Capital Adequacy Ratio (BCAR) that would have seen catastrophe risk become a direct capital requirement and has also reduced the emphasis on catastrophe tail risks in the capital adequacy calculation.A.M. Best published a draft update to its BCAR read the full article →

Ratings necessary for ILS investor base to expand: A.M. Best

Rating of insurance-linked securities (ILS) transactions are essential if the ILS market wants to further expand its investor base beyond the current specialists who invest in the insurance and reinsurance linked asset class, according to A.M. Best.Rating agency A.M. Best released the Best’s Insurance-Linked Securities & Structures Methodology (BILSM) earlier read the full article →

Moody’s updates catastrophe bond rating methodology

Rating agency Moody's Investors Service has published an updated version of its rating methodology for catastrophe bonds, clarifying the firms approach to monitoring in-force cat bonds and mortality bonds, while making editorial changes to the methodologies text for clarity.Currently, Moody's does not rate any outstanding catastrophe bonds, but the rating read the full article →

A.M. Best releases new ILS rating methodology, following comments

Ratings agency A.M. Best has now released Best’s Insurance-Linked Securities & Structures Methodology (BILSM) after the termination of the public comment period. The publication of the new methodology contains “minor changes,” but that could impact the rating of at least one ILS transaction, says A.M. Best.In May 2016, A.M. Best read the full article →

Comments sought on new ILS rating methodology by A.M. Best

Rating agency A.M. Best has published a new draft rating methodology of relevance to the catastrophe bond, insurance-linked securities (ILS), ILS fund and collateralised reinsurance space and is seeking comments from market participants.This week the rating agency published Best’s Insurance-Linked Securities & Structures Methodology (BILSM), a new draft document summarising read the full article →

Fitch updates insurance-linked securities rating criteria

Fitch Ratings has published an updated version of its insurance-linked securities (ILS) rating criteria and methodology, with a number of changes to how it handles assessing ILS and catastrophe bonds but none have affected any existing ratings.Fitch has had increasing success in recent months in the ILS space, being assigned read the full article →

First insurance-linked fund rating criteria finalised by A.M. Best

The first rating criteria has been published that specifically targets insurance-linked funds, including those investing in catastrophe bonds, ILS and collateralized reinsurance, by rating agency A.M. Best.It's the first time that a rating agency has proposed applying a rating methodology to insurance-linked security (ILS), catastrophe bond and reinsurance linked investment read the full article →

First rating criteria for insurance-linked funds proposed by A.M. Best

Rating agency A.M. Best has published and is seeking comments on a new draft rating criteria which we believe to be the first to specifically target insurance-linked funds, including those investing in catastrophe bonds, ILS and collateralized reinsurance.The move marks the first time that A.M. Best has targeted insurance-linked securities read the full article →

A.M. Best publishes new re/insurance transformer rating criteria

Insurance and reinsurance rating agency A.M. Best has now published the final version of its insurance-linked securities (ILS) market focused criteria report titled “Rating Reinsurance/Insurance Transformer Vehicles.”A draft version of the report was published at the beginning of August, as we wrote at the time, with a 30 day consultation read the full article →

Fitch updates its methodology for rating insurance-linked securities

Ratings agency Fitch Ratings has published a periodic review and update of its methodology for rating insurance-linked securities (ILS) including catastrophe bonds. This new version of the criteria replaces one dated August 2012.The report provides Fitch's global methodology for rating insurance-linked securities either as the obligations or as counterparty credit read the full article →