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. Google this: Senior SEC staffers caught surfing…
Catlin’s enterprise risk management efforts raised to ‘Strong’
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…
Downgrade unlikely because of strong ERM
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…
S&P ‘Refining and Adapting’ Insurers ERM ‘Adequate’ Assessments
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…
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…
S&P expects to complete its ERM criteria by the end of 2009
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…