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ARTICLE · 28 JULY 2025

AM Best Proposes Changes To Its Rating Criteria

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In a recent market briefing delivered to the Cayman Islands' (re)insurance industry, global credit ratings agency AM Best announced its proposal to change its criteria for rating cell companies...

Cayman IslandsInsurance
Cristina Faro
Cristina Faro
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In a recent market briefing delivered to the Cayman Islands' (re)insurance industry, global credit ratings agency AM Best announced its proposal to change its criteria for rating cell companies including Segregated Portfolio Companies (SPCs) established in the Cayman Islands. The proposal signals a move away from a one size fits all approach towards applying direct ratings to incorporated cells within a cell company structure. We take a closer look at what this proposal means for SPC (re)insurers looking to obtain a rating.

AM Best has been rating insurance companies for over 125 years, reporting on 16,000 insurance companies in over 100 countries and remaining the only global credit rating agency focused exclusively on insurance. In a first for Cayman, five of AM Best's senior leadership team recently delivered an on-Island insurance market briefing to the Cayman Islands (re)insurance industry that covered a wide range of topics impacting the global

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