rating

Top Layer Re, the joint venture sidecar which was set up by Rennaissance Re and State Farm Mutual Automobile Insurance Company in 1999 to provide a vehicle to take only the very high layers of worldwide catastrophe reinsurance and retro programs, has had its ratings affirmed by A.M. Best. This despite the sidecar vehicle taking […]

Standard & Poor’s has announced that it has reconsidered the preliminary rating that it assigned to the Class 5 tranche of catastrophe bond Residential Reinsurance 2011 Ltd. when it was first marketed earlier this month (previous article here). Originally S&P had assigned the Class 5 notes a rating of ‘B’ but today they have raised […]

Here’s a piece of news that you may not be expecting which has just broken and could hint at how the much discussed RMS risk model change may be reacted to by the ratings agencies. One tranche of USAA’s 2009 Residential Reinsurance 2009 Ltd. catastrophe bond has been downgraded due to an updated risk model, […]

A.M. Best has announced that they are placing the $200m Topiary Capital Ltd’s Series 2008-1 Class A notes under review with developing implications in the wake of the earthquake disaster in Japan. The catastrophe bond notes, issued on behalf of Platinum Underwriters and due on August 5th 2011, were put on Creditwatch by S&P last […]

Top Layer Reinsurance Ltd. the joint venture sidecar which was set up by Rennaissance Re and State Farm Mutual Automobile Insurance Company in 1999 to provide a vehicle to take only the very high layers of worldwide catastrophe reinsurance programs has had it’s rating outlook revised from negative to stable.