I cannot believe what I’ve learned from Tom Gober about the limitations imposed on regulators and how they rely on third-party audit reviews paid for by the carriers. It’s not fair to the regulators. The rating agencies have their focus on assets, not the opaque and affiliated reinsurance trend, which is troubling.
In my forty years at the top of the table, this is the most significant resource I have in choosing the carriers I present to my high-net-worth clients. I won’t write business with a company if their TSR is high, even if their rating is A+, now that I know what is missing in achieving that rating.
Rao Garuda, MDRT Top of the Table advisor, Cleveland, Ohio