|[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
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 firstname.lastname@example.org
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
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