Insurers consulted on proposed changes to group rules
Credit rating firm AM. Best is seeking market comments on changes to its group rating methodology by 15 February.
The company said: “The purpose of this methodology is to illustrate how AM Best evaluates members of insurance groups and to review what levels of rating enhancement or drag is placed upon the ratings of members of insurance groups. One of the main themes is the implicit and explicit support a parent company provides its insurance subsidiaries. These factors, together with any legal constraints on the free-flow of capital between affiliates, will determine an insurance subsidiary's rating enhancement or drag and ultimate rating assignment.”
The draft document is available in the Methodology section of AM Best's homepage. Visit Rating Methodology to download a PDF copy.
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