The Association of Bermuda Insurers and Reinsurers (ABIR) is strongly opposing a proposal by Standard & Poor’s Global Ratings to disallow senior debt as a form of available capital, calling the draft plan “disruptive” and an “overuse of market power.” ABIR’s technical response on numerous fronts is detailed in a 20-page letter to S&P, which… Continue reading Bermuda Reinsurers Oppose S&P Ratings’ Proposed Debt Treatment
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