Insight and Intelligence on the Global Facultative Markets

19 May 2012

S&P: Deepwater could evoke rating action

4 November 2010

The Deepwater Horizon oil spill could evoke rating actions if part of a cumulative negative impact on reinsurers' earnings that includes other catastrophes from the year, noted Standard & Poor's in a presentation on the disaster.

From a pricing perspective, the loss, coupled with other large losses during 2010 - including the Chile and New Zealand earthquakes - could halt softening energy rates. The rating agency noted that early quotations on some policies have shown an increase in rates of...


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