I wonder if the good folks at the ratings agencies were up to the same sort of shenanigans as the SEC when then were busy providing AAA ratings to CDO and other toxic debt. Read this: Senior SEC staffers caught surfing porn during crisis
Posts Tagged ‘S&P’
Is SEC spelled that way but pronounced like s-e-x
Posted in Humour, My Opinions, Risk management, tagged CDO, porn, pron, reputation risk, S&P, SEC on April 23, 2010 | 1 Comment »
Catlin’s enterprise risk management efforts raised to ‘Strong’
Posted in ERM Basics, tagged enterprise risk, ERM, risk culture, S&P on December 30, 2009 | Leave a Comment »
Another upgrade courtesy of good ERM. What are you people waiting for? Call me already. Or forward this to your CFO. Here’s the article from news-insurances.com: Catlin Group Limited, the international speciality property/casualty insurer and reinsurer, has been rated to to ‘A’ from ‘A-’ from Standard & Poor’s Rating Services. “The rating and assessment upgrades [...]
Downgrade unlikely because of strong ERM
Posted in ERM Basics, tagged credit risk, ERM, S&P on December 22, 2009 | Leave a Comment »
I posted an ERM-related press release from the S&P recently which was very well received by Riskczar readers as measured by the number of hits received. Here is a very similar one that notes that counterparty credit rating on Platinum Underwriting Holdings Ltd. increased to ‘BBB+’ from ‘BBB’. I really like the comments from credit [...]
S&P ‘Refining and Adapting’ Insurers ERM ‘Adequate’ Assessments
Posted in Risk management, tagged ERM, S&P, Trevor Levine on October 22, 2009 | Leave a Comment »
October 21, 2009 Courtesy: Insurance Journal Standard & Poor’s Rating Services is refining and adapting its methodology for assessing insurance companies’ enterprise risk management (ERM), as set out in a recently published article, “Expanded Definition Of Adequate Classification In Enterprise Risk Management Scores.” S&P said it published the article to help market participants better understand [...]
What an S&P rating looks like when ERM is mentioned
Posted in Risk management, Thought Leadership, tagged credit risk, ERM, S&P, Trevor Levine on October 14, 2009 | Leave a Comment »
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 [...]
S&P expects to complete its ERM criteria by the end of 2009
Posted in ERM Basics, Frameworks, tagged ERM, PwC ERM, S&P on August 10, 2009 | Leave a Comment »
Although the groundwork has taken longer than expected, Standard & Poor’s remains committed to integrating enterprise risk management (ERM) into its rating process for nonfinancial corporations. Click here to read the rest. I remember when I tried to convince the p&c insurance company I worked for that this was important in 1995 (for financial organizations) [...]
