New York
31 July 2017
Reporter: Becky Butcher

KBRA proposes new methodology for rating captives


Kroll Bond Rating Agency (KBRA) has proposed to set out new methodology for rating captive insurance companies.

The methodology explains KBRA’s process for assessing the financial strength of captive insurers.

It incorporates both quantitative and qualitative analysis of the captive insurer, as well as an evaluation of the strategic importance of the captive insurance company to its owners. It also considers whether its owner enhances or diminishes the financial strength of the captive insurer.

Other factors the ratings company considers include the quality of capital, reserving practices, leverage, reinsurance, operating fundamentals, the regulatory environment, risk management and sovereign risk.

The proposed methodology is open for comment on KBRA’s website until 18 August.

More news
The latest news from Captive Insurance Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Crawford & Company appoints Latin America lead
18 August 2017 | London | Reporter: Becky Butcher
Crawford & Company has named Roberto McQuattie as regional head of Latin America to oversee operations across the company’s network of 15 offices in the region
London to bring innovation to ILS market
18 June 2017 | London | Reporter: Becky Butcher
London will be able to bring the kind of innovation to the insurance linked-securities (ILS) seen in Guernsey’s first ever blockchain-backed deal, according to Malcolm Newman of SCOR
Excellent ratings for Scotia Reinsurance
17 August 2017 | Oldwick | Reporter: Becky Butcher
A.M. Best has assigned a financial strength rating of “A (Excellent)” and a long-term issuer credit rating of “a+” to Scotia Reinsurance, located in Barbados
Captive industry prepares to gather in North Carolina
17 August 2017 | Charlotte | Reporter: Becky Butcher
The North Carolina Captive Insurance Association is ready to kick off its third annual event on 21 August, with more than 200 delegates expected to attend
Greenlight for Michael Belfatti
16 August 2017 | Grand Cayman | Reporter: Becky Butcher
Greenlight Capital Re has appointed Michael Belfatti to the newly created position of COO
Orion Risk Management enhances client network
16 August 2017 | California | Reporter: Becky Butcher
Orion Risk Management has partnered with Friedmann & Friedmann Insurance Services, a South California-based insurance broker, to enhance its client and employee network
JLT Re welcomes new VP for western region
15 August 2017 | San Francisco | Reporter: Jenna Lomax
Ferrier will be based in the San Francisco office from September, focusing on global, regional and managing general agent business