|[February 22, 2013]
A.M. Best Requests Comments on Draft Criteria: Rating Members of Insurance Groups
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 draft
criteria report, "Rating Members of Insurance Groups" (updates version
dated February 17, 2012).
The draft includes proposed changes to wording describing capital
requirements at subsidiaries and reflects A.M. Best's view that prudent
regulatory capital for subsidiaries is sufficient to support ratings
when there is strong insurance regulation and parental support.
Additional updates include edits to provisions generally contained in
intercompany pooling agreements that qualify for pooled ratings. The
provisions now include a description of the process for remoing a
company from the pool. The draft also contains edits to the treatment of
branches based on the view of the branch as an extension of the head
These updates are part of A.M. Best's continual review of its rating
methodology and are not considered material or expected to affect
to download a PDF copy of each report.
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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