Passporting insurers must assess value of rating says Gibraltarian commission
Gibraltar based-passporting insurers will have to consider the value of having a credit rating if the Solicitor's Regulation Authority introduces a minimum standard for qualifying insurers, according to Michael Oliver, head of insurance supervision at Gibraltar's financial services commission.
Oliver told Post: "We don't rely on external credit ratings ourselves. We do our own analysis and assessment and if we think action needs to be taken or a firm needs to strengthen its controls we take
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