Fitch Publishes Updated Insurance-Linked Securities Methodology

CHICAGO--()--Fitch Ratings has published a periodic review and update of its methodology for rating insurance-linked securities (ILS). This report replaces the criteria of the same title published in August 2014.

Fitch added clarity surrounding ILS impairments, treatment of investment volatility within collateral accounts and interpretation of the calibration matrix. None of these updates had any effect or altered any current ILS credit ratings.

Fitch's 'Insurance-Linked Securities Methodology' is a sector-specific rating criteria, so it also draws on other criteria from Structured Finance and Insurance in developing the rating.

The full report 'Insurance-Linked Securities Methodology' is freely available on the Fitch website at 'www.fitchratings.com'.

Additional information is available at 'www.fitchratings.com'.

Insurance-Linked Securities Methodology

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=868333

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Contacts

Fitch Ratings
Jeff Mohrenweiser, +1-312-368-3182
Senior Director
Fitch Ratings, Inc.
70 West Madison Street
Chicago, IL 60603
or
Kevin Corrigan, +1-212-902-9156
Senior Director
or
Media Relations
Alyssa Castelli, +1-212-908-0540 (New York)
alyssa.castelli@fitchratings.com

Contacts

Fitch Ratings
Jeff Mohrenweiser, +1-312-368-3182
Senior Director
Fitch Ratings, Inc.
70 West Madison Street
Chicago, IL 60603
or
Kevin Corrigan, +1-212-902-9156
Senior Director
or
Media Relations
Alyssa Castelli, +1-212-908-0540 (New York)
alyssa.castelli@fitchratings.com