The updated BCAR
and its enhanced focus on tail risk may shine a brighter light on companies with outsized catastrophe exposures.
At 30 June 2015, BCAR
had approximately USD 345m of total assets, USD 277m of loans, USD 296m of deposits and USD 48m in common stockholders' equity.
Best will release proposed revisions to criteria procedures for the BCAR
models covering U.
While LAPP's BCAR
deteriorated significantly as a result of the 2010 Canterbury earthquake, the ratings take into account the ability of LAPP to quickly accumulate its surplus, AM Best elaborated.
The draft criteria report, "Understanding BCAR
for Property/Casualty Insurers," includes changes to reflect the annual update to growth charges and the inclusion of pension plans and other post-employment benefit plans as additional off balance sheet items in the business risk component.
We are updating our methodology to improve transparency and ensure that the new BCAR
is properly considered in the methodology.
The companies said BCAR
will merge into OZRK and Bank of the Carolinas will merge into OZRK's wholly-owned bank subsidiary, Bank of the Ozarks when the transaction closes, which is subject to certain closing conditions such as customary regulatory approvals and approval by BCAR
Upon the closing of the transaction, BCAR
will merge into OZRK and Bank of the Carolinas will merge into OZRK's wholly-owned bank subsidiary, Bank of the Ozarks.
Best in the creation of the new stochastic BCAR
, first as Towers Watson (TW) and most recently in collaboration with TW through the JLT Re-TW Alliance.
The company's BCAR
was supported by its prudent reserve level, the rater added.
As eligible funds mature, Co-op Life's contingent commitment will diminish over time, as will the drag on its BCAR
and regulatory solvency ratio.
Best found that the industry's 2009 median BCAR
score was the highest of any year in the study period--well above the typical BCAR
guideline for A.