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A.M. Best

A.M. Best. Mock Rating Session June 6, 2011 4:00 pm – 5:00 pm Gardenia Room. A.M. Best – Mock Rating Session. Speakers: John Andre , Group Vice President, A.M. Best Company Steven Chirico , Assistant Vice President, A.M. Best Company

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A.M. Best

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  1. A.M. Best Mock Rating Session June 6, 2011 4:00 pm – 5:00 pm Gardenia Room

  2. A.M. Best – Mock Rating Session Speakers: • John Andre, Group Vice President, A.M. Best Company • Steven Chirico, Assistant Vice President, A.M. Best Company • Fred Eslami, Senior Financial Analyst, A.M. Best Company • Janet Hernandez, Senior Financial Analyst, A.M Best Company Moderator: • Greg Tyers, Vice President, Marsh IAS Management Services (Bermuda) Ltd.

  3. Ratings Division Process - Internal • Initial analytical discussion takes place • Data submission • Analytical team meets with management and prepares the recommendation • Analytical team presents to a Peer Review Committee (PRC) • PRC votes to determine rating assignment • Depending on circumstances, additional rating committees may be utilized

  4. Ratings Division Process – External • Final rating determination is communicated to company • If management disagrees, company has three days to appeal • President’s Letter, rating report, and press release draft sent to company for approval • Rating is published in A.M. Best products and in the public domain (Business Wire)

  5. Key Components

  6. QUANTITATIVE ANALYSIS REPORT (QAR)Overview & ProfitabilityAnalysis

  7. QUANTITATIVE ANALYSIS REPORT (QAR)Loss & ALAE Reserve Development Analysis

  8. QUANTITATIVE ANALYSIS REPORT (QAR)Investment, Liquidity, Underwriting & Loss Reserve Analysis

  9. QUANTITATIVE ANALYSIS REPORT (QAR)Detailed Profitability Analysis

  10. QUANTITATIVE ANALYSIS REPORT (QAR)Cash Flow Composition & Ratio Analysis

  11. BEST’S CAPITAL ADEQUACY RATIO (BCAR)Base BCAR – 12/31/2010

  12. BEST’S CAPITAL ADEQUACY RATIO (BCAR)Stressed (10% PHS Loss) BCAR – 12/31/2010

  13. BEST’S CAPITAL ADEQUACY RATIO (BCAR)Base Projected BCAR – 12/31/2011

  14. BEST’S CAPITAL ADEQUACY RATIO (BCAR)Stressed (10% PHS Loss) Projected BCAR – 12/31/2011

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