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A.M. Best publishes new re/insurance transformer rating criteria

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Insurance and reinsurance rating agency A.M. Best has now published the final version of its insurance-linked securities (ILS) market focused criteria report titled “Rating Reinsurance/Insurance Transformer Vehicles.”

A draft version of the report was published at the beginning of August, as we wrote at the time, with a 30 day consultation period available for any market participants who wanted to comment, question or contribute to the thinking behind this criteria.