S&P raises the bar on insurers with 20% long-tail R/I charge
Standard & Poor's has revealed that from 2006 it aims to introduce a charge in its risk-based capital model for insurers to combat excessive reliance on reinsurance.
The ratings agency said that the charge will constitute 20% of the amount outstanding against the reinsurers' share of those technical reserves relating to asbestos, environmental pollution, and other
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