Ratings Recap: Aspen, Munich Re (Malta), Qatar, Nissan, CMI, Takaful, Int'l.
International News • December 23, 2008
A.M. Best Co. has affirmed the financial strength ratings of 'A' (Excellent) and the issuer credit ratings (ICR) of "a" of Aspen Insurance UK Limited (AIUK) and Bermuda-based Aspen Insurance ...
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Subject: Ratings
Posted On: December 23, 2008, 1:38 pm CST
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Comment:
With all of the ratings articles being printed in the Insurance Journal touting the ratings issued by S&P, Moody's and AM Best and with all of the uproar in the worlds economy caused by the ratings of the various credit default swaps being sold by the same rating agencies, I'm beginning to wonder if the rating agencies aren't paying The Insurance Journal to publish some of these articles in hopes that we will all forget that those same rating agencies sold themselves out as did Arthur Anderson with Enron and World Com. In my opinion, the same future should be in store for AM Best, S&P and Moody's as was for Arthur Anderson.
Subject: Ratings