Upcoming changes to ratings agency AM Best's Capital Adequacy Ratio (BCAR) could penalise ILS markets over rated carriers, Willis Capital Markets & Advisory (WCMA) said in its first quarter ILS report.
Upcoming changes to ratings agency AM Best's Capital Adequacy Ratio (BCAR) could penalise ILS markets over rated carriers, Willis Capital Markets & Advisory (WCMA) said in its first quarter ILS report.