Standard & Poor’s Ratings Services has published a FAQ (frequently asked questions) about the Bermuda insurers’ financial strength.
S&P credit analyst Thomas Upton noted that “following a year in which there were no material losses attributable to tropical storms in the Atlantic, we’ve made a couple of ratings changes on Bermuda reinsurers in early 2007.”
S&P’s report details those changes and is in response to questions from “parties who follow the industry and have repeatedly raised several questions. The purpose of the FAQ is to address those questions comprehensively for all who may be interested.”
The report is available to subscribers of RatingsDirect, the real-time Web-based source for Standard & Poor’s credit ratings, research, and risk analysis, at: www.ratingsdirect.com. If you are not a RatingsDirect subscriber, you may purchase a copy of the report by calling (1) 212-438-9823 or sending an e-mail to: research_request@standardandpoors.com.
Ratings information can also be found on Standard & Poor’s public Web site at: www.standardandpoors.com; under Credit Ratings in the left navigation bar, select Find a Rating, then Credit Ratings Search.
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