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 ratings 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
Dow Chemical captive rated ‘excellent’
04 October 2017 | Oldwick | Reporter: Barney Dixon
A.M. Best has affirmed the financial strength rating and long-term issuer credit rating of Dorinco Reinsurance Company at “A (Excellent)” and “a”, respectively, and their outlook remains stable
A.M. Best gives the Greenlight
02 October 2017 | Oldwick, New Jersey | Reporter: Jenna Lomax
Greenlight Reinsurance is a broker market reinsurer writing a combination of property, casualty and specialty reinsurance business
Stellar Insurance rated ‘excellent’
29 September 2017 | London | Reporter: Barney Dixon
Stellar Insurance Limited has received a financial strength rating and long-term issuer credit rating of “A (Excellent)” and “a”, respectively, from rating agency A.M. Best
A.M. Best affirms ratings of Schlumberger’s captives
26 September 2017 | Oldwick | Reporter: Becky Butcher
The financial strength rating and long-term issuer credit rating of Schlumberger Limited's captive insurance companies have been affirmed at “A (Excellent)” and “a”, respectively, by rating agency A.M. Best
Phillips 66 captives affirmed 'excellent'
22 September 2017 | Oldwick | Reporter: Becky Butcher
A.M. Best has affirmed the financial strength rating of “A (Excellent)” and the long-term issuer credit ratings of “a” of Spirit Insurance Company and Radius Insurance Company, the captive insurers for Phillips 66
A.M. Best affirms Eni’s captive ratings
21 September 2017 | London | Reporter: Becky Butcher
A.M. Best has affirmed the financial strength rating of “A (Excellent)” and the long-term issuer credit of “a” of Eni Insurance Designated Activity Company (EID), a captive of Eni, a multinational oil and gas company based in Italy
ConocoPhillips captive ratings affirmed ‘excellent’
21 September 2017 | Oldwick | Reporter: Becky Butcher
A.M. Best has affirmed the financial strength rating of “A (Excellent)” and long-term issued credit rating of “a” of Sooner Insurance Company (Sooner), the captive insurer of ConocoPhillips