Stay Updated on Industry Changes
Reading a press release about upcoming changes is important, but it will certainly not provide enough information to make any decisions. When catastrophe models change, rating agencies and regulators create new requirements or change existing ones, or reinsurers change their risk appetite, our clients hear it from us f irst and already have a strategy in place by the time the media story emerges. Through all the industry changes, BMS is by your side as your strategic partner and trusted advisor to consider how these changes specif ically impact your business and provide guidance on next steps.
An Example From Our Newsroom Our capital management team has significant relationships at all the key rating agencies, and a track record of assisting clients with initial ratings, upgrades, and defenses. When AM Best updated their methodology for evaluating DUAEs in 2022, our team put their expertise to work by releasing a detailed report on the new expectations. We proactively followed up with affected clients to work through feedback and questions. Our goal is to provide clarity on any and all rating agency and industry changes so that you understand how it affects your business.
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