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TMCNet:  A.M. Best Requests Comments on New Draft Criteria: Rating Run-off Insurers and Specialists

[February 22, 2013]

A.M. Best Requests Comments on New Draft Criteria: Rating Run-off Insurers and Specialists

OLDWICK, N.J. --(Business Wire)--

A.M. Best Co. is requesting comments from market participants in the insurance industry and other interested parties on the new draft criteria report, "Rating Run-off Insurers and Specialists."

Although analyzed in a manner similar to other property/casualty insurers, run-off insurance companies have unique characteristics, which require additional analysis during the rating process. This criteria addresses the unique factors considered when making a stand-alone assessment of a run-off insurer and describes the rating approach in evaluating run-off specialists, which have a unique business strategy of acquiring and managing run-off insurers, run-off reinsurers or run-off blocks of business. Th criteria also describes some of the relevant factors when rating enhancement is being considered for an entity via its ownership by a run-off specialist or its membership in an insurance group.


Visit www.ambest.com/ratings/methodology to download a PDF copy of each report.

This new criteria is part of A.M. Best's continual review of its rating methodology and is not expected to affect existing ratings.

Written comments should be submitted by email to rating.methodology@ambest.com no later than March 22, 2013.

Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.


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