S&P upgrades Montpelier’s ERM rating – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password

S&P upgrades Montpelier’s ERM rating

Montpelier Re Holdings Ltd’s enterprise risk management (ERM) rating has been upgraded to “strong” by ratings agency Standard & Poor’s.

The Bermuda reinsurer’s A- financial strength and counterparty credit ratings were also affirmed.

In raising the company’s ERM rating from “adequate with a positive trend” to “strong”, S&P noted “evidence of a strong risk culture throughout all levels of the organisation”.

The agency added: “Moreover, we also consider the firm’s modelling and strategic risk management as strong. The company’s risk culture, governance, and catastrophe risk controls practices are comparable to the best practices among its peers.”

You must be Registered or to post comment or to vote.

Published August 30, 2011 at 10:32 am (Updated August 30, 2011 at 10:32 am)

S&P upgrades Montpelier’s ERM rating

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon