Bermuda (re)insurers oppose S&P’s proposed debt treatment: ABIR
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Bermuda (re)insurers oppose S&P’s proposed debt treatment: ABIR

Farhin Lilywala
April 22, 2022
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The Association of Bermuda Insurers and Reinsurers (ABIR) is strongly opposing S&P’s proposal to disallow senior debt as a form of available capital, calling the draft plan “disruptive” and an “overuse of market power”.

ABIR states that S&P’s current proposal is unnecessarily stringent regarding the treatment of debt as a part of a carrier’s capital base for claim-paying ability.

S&P

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Farhin Lilywala
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