Watch out for slip-ups

- Simon Kilgour
- 01 Mar 2004
- Indicative reading time: 3 minutes

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In light of the recent, highly publicised downgrades, what legal recourse may there be where the basis of a security rating is challenged, or a cedant suffers loss as a result of a rating that fails to reflect a reinsurer's financial strength?

Some reinsurers believe the recent downgrades are a reaction to concerns that are industry-wide rather than about individual companies. It has also been suggested that they are an attempt to counter

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