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Bermuda liquidators had earlier objected to out-of-court agreements between parties. -
A more business-friendly approach will be offset by increased uncertainty.
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The body’s budget committee is again pressing Citizens over solvency concerns.
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Long-term confidence in the market depends on the details of the new tax rule.
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May and June takeout requests for Citizens are exceeding expectations.
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AM Best then withdrew its ratings at the company’s request.
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Existing taxes could be lowered under a potential new structure.
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The agency stressed the physical impact of climate risk on companies.
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The SEC says it is not requiring Scope 3 emissions disclosures "at this time".
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The approval takes account of several out-of-court settlements.
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The outlook for its financial strength rating was unchanged at stable.
