Monthly Archives: <span>June 2000</span>

Oil Insurance Ltd. Raised

The counterparty credit and financial strength ratings on Oil Insurance Ltd. (OIL) was raised from ‘A+’ to ‘AA-‘ by S&P....

Rhine Re Affirmed, Outlook Negative

S&P affirmed its ‘A-‘ counterparty credit and financial strength ratings on Rhine Reinsurance Co. Ltd. and Rhine Reinsurance (Bermuda) Ltd.,...

Willis Affirmed

The ‘BB’ counterparty credit rating on Willis Group Ltd. was affirmed by Standard & Poor’s (S&P). Concurrently, the ‘BB’ bank...

HFSG Watch-Down Maintained

The Rating Watch-Down status on the ‘A+’ senior debt rating and ‘A’ quarterly income preferred security rating (the trust preferred...

Moody’s Affirms Alleghany Corp.

The long-term issuer rating of the Alleghany Corporation was affirmed by Moody’s Investment Services at ‘Baa2’ following Alleghany’s sale of...

Reliance Downgraded

The financial strength rating of Reliance Insurance Group was downgraded from ‘A-‘ to ‘B++’ by A.M. Best Co. The rating...

Devious Drivers

Following an 18-month investigation by the CDI Fraud Division, 11 suspects have been arrested for insurance fraud as well as...

One Sticky Situation

Parvez Karim of Panorama City was arrested at his place of employment and charged with three felony counts of workers’...

The System Beat Him

Delano Manning Jr. of Burbank was arrested and charged with one felony count of making false statements for a workers’...