Silverfinch has struck a deal with Fitch Solutions to provide Silverfinch's insurer clients with Fitch's credit ratings service to help them comply with Solvency II regulatory reporting and risk management capital requirements for their investment portfolios.
Fitch Ratings' 34,000 global credit ratings will now be included in Silverfinch's Solvency II look-through service, allowing asset managers to incorporate Fitch's credit ratings seamlessly at no additional cost.
John Dowdall, managing director of Silverfinch, said: "With Solvency II implementation beginning on 1 January, the addition of Fitch's credit ratings will provide our clients with further transparency on the credit quality of their insurance company investments."
Mark McNerney, head of strategic partnerships at Fitch Solutions, added that the initiative "enables us to broaden the reach of our ratings and further develop relationships with key market participants."
