A.M. Best Downgrades Ratings of Milli Reasurans Turk Anonim Sirketi
Business Wire, Inc. |
In addition to A.M. Best’s assessment of Milli Re’s capitalisation, the ratings also reflect its excellent domestic profile, historically poor technical performance, potential risk management weaknesses and the country risk associated with Turkey.
Established in 1929,
The ratings of
Milli Re’s ratings are likely to be further downgraded in the event that its consolidated risk-adjusted capital position does not improve in the next four to six months. Positive actions on Milli Re’s ratings are likely to be driven by improvements in its technical performance, risk-adjusted capitalisation and risk management.
The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Key criteria utilised include: “Understanding Universal BCAR”; “Catastrophe Analysis in
In accordance with Regulation (EC) No. 1060/2009, the following is a link to required disclosures: A.M. Best
A.M. Best
Copyright © 2012 by A.M. Best Company, Inc.ALL RIGHTS RESERVED.
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Copyright: | Copyright Business Wire 2012 |
Wordcount: | 666 |
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