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News Analysis - Rating the Rendez-Vous.
(From Reinsurance)
Byline: Isobel McCalman and Marc Jones.
The rating agencies traditionally get in early during the Rendez-Vous event with their comments on the state of the reinsurance industry.
This year was no exception, with AM Best, Moody's and Standard and Poor's (S&P) all producing reports on the Sunday. What made it different this year was that ratings were already a hot topic and seemed to be the subject you could not get away from for the rest of the week.
The downgrades in the months preceeding the Rendez-Vous (S&P has made 11 downgrades in the last nine months, most dramatically of Munich Re), meant that the agencies had ...
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