What an S&P rating looks like when ERM is mentioned

Here is an example of a press release by S&P for Endurance American Insurance Co. where they note that the organization’s management and enterprise risk management capabilities were assessed as part of their rating:

Credit analyst Taoufik Gharib added: “The ratings on Endurance reflect our opinion that the group has established a strong track record since it started its operation in 2001. We view the company’s management team and corporate strategy as positive to the rating.”

Endurance has a strong and seasoned management team with a strategy focused on consistent underwriting profits through market cycles.

The ratings are also based on the group’s strong competitive position, robust operating performance with prudent reserve practices, very strong capitalization, and excellent enterprise risk management.

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