As ratings become ever more important to the reinsurance industry, analytical firm Litmus Analysis examines the ratings of the world’s 40 biggest reinsurance groups using a unique methodology to establish their average ratings. Stuart Shipperlee, partner at Litmus, describes some of the chart’s findings.
Standard & Poor’s (S&P) Global Reinsurance Highlights report published each year in September has become something of an institution in its 20-year history, even if the provenance of the name is long forgotten (it was originally the ‘highlights’ from a larger report that proved prohibitively expensive to mail out in a pre-digital world).
In its Top 40 group ranking table the agency uses net reinsurance premiums as the key metric. However, despite the purely reinsurance premium volume focus, a quick glance at the list highlights an often unnoticed aspect of the reinsurance market: a lot of capacity comes from large primary groups (or those with major primary operations). Of course, a premium number alone doesn’t tell us about the ‘nature’ of that capacity. Nonetheless in absolute terms it represents a significant part of the market.
To continue reading, you need a subscription to Intelligent Insurer. Start a subscription today for £655.
In-house feature articles, the archive and expert comment require a paid subscription. Subscribe now.
Want to give it a try? We are offering a two week free trial to the Intelligent Insurer website – register and select “Two Week Free Trial” to begin access to the full Intelligent Insurer archive and read the latest news, features and expert comment. Begin your free trial here.
Is your 2 week free trial about to end? Upgrade to a 12 month subscription for £655 now.
If you have already subscribed please login.
If you have any technical issues please contact support.
Litmus, reinsurance, Stuart Shipperlee