09/23/2024 | Press release | Distributed by Public on 09/23/2024 05:49
SEPTEMBER 23, 2024 07:45 AM (EDT)
CONTACTS:
FOR IMMEDIATE RELEASE
LONDON - SEPTEMBER 23, 2024 07:45 AM (EDT)
A new Best's Commentary addresses frequently asked questions about AM Best credit ratings and country risk.
The commentary explains that AM Best does not apply a sovereign ceiling on the insurance companies it rates, noting such a move would ignore a company's ability to manage country risk by avoiding risk or by hedging, or by accepting what cannot be controlled and using counter measures such as additional capital, strong underwriting performance or diversification.
Some of the issues the commentary also addresses include:
To access a complimentary copy of this commentary, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=346985.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.