North American and Bermudan insurance companies received an updated enterprise risk management opinion from Standard & Poor’s Rating Services, the company reports.

S&P describes an insurer's ERM program as a system of processes and practices that aims to measure and manage risk. The article in which the opinions appear, "North American and Bermudan Insurers Continue to Step Up Their Enterprise Risk Management Efforts," notes that S&P’s ERM opinion reflects “our assessment of the strength of an insurer's ERM program.”

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