AM Best to Host Briefing on Rating Insurance-Related Asset-Backed Securities

OLDWICK, N.J.--(BUSINESS WIRE)-- Senior analysts from AM Best will review the rating of insurance-related asset-backed securities (ABS) transactions in an online briefing scheduled for Thursday, Jan. 9, 2025, at 11 a.m. (EST).

Due to the unique nature of this insurance asset class, the rating of insurance-related ABS transactions can require further clarification of our process. Emmanuel Modu, managing director, and Wai Tang, senior director, both in AM Best’s Global Reinsurance & ILS department, will lead the briefing, titled “The Rating of Insurance-Related Asset-Backed Securities, Questions Answered,” during which they will explore common types of insurance ABS transactions and the key assumptions behind their ratings.

The analysts also will discuss the default rates applied to the transactions’ collateral; the asset-dependent recovery rates; the use of credit substitution and enhancement on collateral and rated securities; and the determination of the implied rating of the securities by applying Best’s Idealized Issue Default Matrix.

To register for the complimentary briefing, please go to https://web.ambest.com/about/events/briefings/asset-backed-securities.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250107735305/en/

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
[email protected]

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
[email protected]

Source: AM Best

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