Our clients don't really understand the ratings. This is a chance for them to get the information from the horses' mouth. It's also an opportunity for the rating agencies to talk to the ultimate buyer and explain what their differences are. Paul, who brings the added perspective that comes from having worked at A.M. Best, says he plans to have the panelists address such concerns as group ratings or reinsured ratings. As a broker, we want to have very tight, legal reinsurance contracts.
Rating agencies look at group or reinsured ratings.
We want to know what goes into the process and have them explain group rating. Sherbine continues that he also intends to bring up the international area. At Marsh, we're global and have to make a decision as to what we are going to do for a client in Chile or some other nation. We'll discuss what we think they should be doing in that arena. The session also will look at the areas of expertise that may color the way a rating organization looks at an insurance company as opposed to the view of a broker.