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A.M. Best Requests Comments on Draft Criteria: Rating Members of Insurance GroupsOLDWICK, 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 office. These updates are part of A.M. Best's continual review of its rating methodology and are not considered material or expected to affect ratings. Visit www.ambest.com/ratings/methodology to download a PDF copy of each report. Written comments should be submitted by email to [email protected] 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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