A measured response.
Rating agencies argue that their early warning systems have stood up well to the challenges of 11 September and the crisis in corporate America. They are introducing some changes but see no reason for a fundamental overhaul of their approach to measuring the quality of reinsurers, reports John Sanders.
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The big four (re)insurance rating agencies - Standard & Poor's (S&P), Fitch, Moody's and AM Best - have in recent months all taken steps to adapt to altered market conditions
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