Voicing his concern about how rating agencies assess start-up companies, the head of such a new venture suggested that rating agency processes need to be clearer.
“Rating agencies need to be more transparent and possibly come under some form of additional regulation to make sure they're transparent,” said Donald Kramer, chairman and chief executive officer of Bermuda-based Ariel Reinsurance, speaking at an industry meeting here.
Mr. Kramer made his comment responding to an audience question after delivering a keynote speech at the joint luncheon of the Association of Professional Insurance Women and the Insurance Brokers Association of the State of New York.
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