March 26, 2015
A.M. Best has downgraded the financial strength rating to B- (Fair) from B (Fair) and the issuer credit rating to “bb-” from “bb” of Southern General Insurance Co. (SGIC) of Marietta, Ga. The outlook for both ratings is negative. The …
December 3, 2012
Fitch Ratings has downgraded the long-term National Scale ratings of 12 insurance companies in Argentina, and has also revised the companies’ rating outlooks to negative from stable. Fitch said it took the rating actions following its Nov. 27 downgrade of …
October 11, 2012
One of the nation’s top credit rating agencies will review dozens of California cities for possible credit downgrades amid mounting concern over municipal bankruptcies and bond defaults. Moody’s Investors Service announced Tuesday that it would scrutinize nearly 30 California cities …
April 25, 2012
Aon Risk Solutions, the global risk management business of Aon plc, has just issued its latest political risk map, which gauges the level of risk for international business in more than 200 countries. Aon said “37 countries were downgraded in …
April 11, 2012
A.M. Best Europe – Rating Services Ltd. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 958, which is managed by Omega Underwriting Agents Limited. The outlook for both …
January 18, 2012
Standard & Poor’s Ratings Services has followed up on the rating actions it announced in December concerning a number of Europe’s largest insurers. S&P has lowered its ratings on the following insurers (and certain related operating subsidiaries and certain holding …
December 21, 2011
Although the recent summit of the 27 countries of the European Union did manage to come up with a plan to control budget deficits – in the future – it “took no clear short term actions to address the debt …
December 20, 2011
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and downgraded the issuer credit ratings (ICR) to “aa-” from “aa” of Allianz Global Corporate & Specialty North America (AGCS NA), which includes Allianz Global Risk US Insurance …
December 19, 2011
A.M. Best Co. has downgraded the financial strength rating to ‘A’ (Excellent) from ‘A+’ (Superior) and issuer credit ratings to “a+” from “aa-” of MAPFRE USA Group following the rating downgrades for its parent company, Spain’s MAPFRE S.A. The lead …
December 12, 2011
Standard & Poor’s Ratings announced that it has placed its ratings on the following insurers (and certain related operating subsidiaries and certain holding companies) on CreditWatch with negative implications: • Allianz Group (including the Euler Hermes group) • Aviva Group …