Printer Friendly

DUFF & PHELPS TO OFFER NEW REINSURANCE RATING PRODUCT

 CHICAGO, July 20 /PRNewswire/ -- Based on conclusions gained from its research of the reinsurance market, Duff & Phelps Credit Rating Co. announced today that it will expand its insurance claims paying ability rating business to provide ratings for property and casualty reinsurance companies. "Our insurance practice has been focused in areas of the market that are credit sensitive. After conversations with primary insurers and reinsurance intermediaries we concluded that there is a need in the market for timely and objective financial analysis of the claims paying ability of reinsurance companies, "said Larry Brossman, senior vice president of Duff & Phelps" insurance group.
 Duff & Phelps will emphasize timeliness of its written analysis of the claims paying ability ratings of reinsurance companies, producing two reports annually. The timing of the reports will coincide with the major renewal dates for reinsurance, January and July, in order to provide market participants with the most current analysis possible.
 "Duff & Phelps has achieved a leading position as a rater of life insurance company's claims paying ability, and is now positioned to expand its ratings universe to property and casualty reinsurance companies," stated Mr. Brossman. Since starting to rate the claims paying ability of life insurance companies in 1986, Duff & Phelps' ratings have received wide acceptance in the market. Currently over 150 life insurance companies have claims paying ability ratings from Duff & Phelps.
 Duff & Phelps has provided investment research to major financial institutions since 1932 and is acknowledged by the Securities and Exchange Commission as a "Nationally Recognized Statistical Rating Organization." In addition to rating the claims paying ability of insurance companies, Duff & Phelps Credit Rating Co. rates the debt, preferred stock, commercial paper, and structured finance transactions of over 2,000 issuers.
 -0- 7/20/93 R
 /CONTACT: Timothy A. Bienek, vice president - property and casualty insurance ratings of Duff & Phelps Credit Rating Co., 312-368-3192/


CO: Duff & Phelps Credit Rating Co. ST: Illinois IN: SU: RTG

WB -- NY041 -- 6736 07/20/93 11:07 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 20, 1993
Words:327
Previous Article:LITTELFUSE EARNS ISO 9002 CERTIFICATION AT CENTRALIA ELECTRONIC FUSE MANUFACTURING FACILITY
Next Article:WASHINGTON $412.8 MILLION GENERAL OBLIGATION BONDS RATED 'AA' BY FITCH -- FITCH FINANCIAL WIRE --
Topics:


Related Articles
ENHANCE FINANCIAL SERVICES GROUP DECLARES DIVIDEND
DUFF & PHELPS REAFFIRMS NORTHWESTERN NATIONAL LIFE'S AA RATING, ANNOUNCES NEW AA RATING FOR NORTHERN LIFE AND NORTH ATLANTIC LIFE
ENHANCE FINANCIAL SERVICES GROUP DECLARES DIVIDEND
REINSURERS OF FINANCIAL GUARANTY INDUSTRY RISKS ADDRESSED BY DUFF & PHELPS
DUFF & PHELPS RATES ITT HARTFORD INTERNATIONAL LIFE REASSURANCE CORPORATION CLAIMS PAYING ABILITY 'AAA'
DUFF & PHELPS: LEGION INSURANCE COMPANY CLAIMS PAYING ABILITY RATING REAFFIRMED AT 'A+'
DUFF & PHELPS ANNOUNCES DATE FOR CREDIT RATING COMPANY SPIN-OFF
DUFF & PHELPS CREDIT RATING CO. SPIN-OFF COMPLETE
Duff & Phelps Credit Rating co. Assigns 'A' Rating to New Cap Reinsurance Corporation Ltd.
DCR Assigns Preliminary 'A' Rating to Annuity and Life Reassurance

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters