Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P Affirms Marsh & McLennan Cos.
Dec 17 2001 // Standard & Poor’s affirmed its ratings on Marsh & McLennan Companies (MMC). The outlook has been revised to stable from negative. The rating actions reflect the diversity and strength of MMC’s various...
S&P Affirms ING Group Ratings, Changes Outlook to Negative
Dec 14 2001 // Standard & Poor’s has affirmed its ratings on Holland’s ING GROEP N.V., its insurance operations ING Verzekeringen NV (INGV), ING Bank NV and other group subsidiaries. Long term ratings are...
S&P, A.M. Best Affirm ACE Group Ratings
Dec 13 2001 // Following up its previous announcement (See IJ Website Dec. 5) Standard & Poor’s reaffirmed its mostly single-‘A’-minus ratings on the ACE Group of companies, while A.M. Best affirmed its A+...
S&P Affirms Cornhill Insurance ‘AA-‘ Ratings
Dec 13 2001 // Standard & Poor’s affirmed its long-term double-‘A’-minus counterparty credit and insurer financial strength ratings on Cornhill Insurance PLC, the U.K. subsidiary of Germany’s Allianz...
S&P’s Doesn’t See Enron Bankruptcy Having Negative Impact on Ratings
Dec 7 2001 // The direct exposure of U.S. insurers’ asset portfolios to securities issued by Enron Corp. (Enron) and its affiliates, estimated at more than $3.5 billion as of this date, is not likely in itself to have a negative...
Atlantic Mutual Expands Internet Fraud Coverage; S&P Lowers Ratings
Dec 5 2001 // New York’s Atlantic Mutual Insurance Co. announced that it is expanding Internet related coverage to protect against losses caused by identity fraud, theft of credit card numbers, computer viruses and losses to...
ACE Off CreditWatch, S&P Affirms Most Operating Units as ‘A-‘
Dec 5 2001 // Standard & Poor’s removed ACE Limited and its operating units from CreditWatch and affirmed single-‘A’-minus ratings for most of them following its review of the Group’s finances after it...
S&P Affirms Marsh and McLennan Cos. Ratings
Dec 5 2001 // Standard & Poor’s affirmed its ratings on Marsh & McLennan Companies (MMC). The outlook has been revised to stable from negative. The rating actions reflect the diversity and strength of MMC’s various...
S&P Rates Rocky Mountain Fire and Casualty Co.
Dec 5 2001 // Standard & Poor’s assigned its “BBBpi-” financial strength rating to Rocky Mountain Fire & Casualty Co. The rating reflects the company’s extremely strong capitalization and strong...
S&P Lowers BancInsure
Dec 3 2001 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on BancInsure Inc. to “A-” from “A”. The outlook is stable. The downgrade is based on the company’s...
S&P Rates Sampo’s Nonlife Units ‘A-‘, CreditWatch Positive
Nov 29 2001 // Standard & Poor’s assigned its single-‘A’-minus long-term counterparty and insurer financial strength ratings to Finnish insurer Sampo Industrial Holdings Insurance Co., the nonlife subsidiaries of...
Chubb Removed from CreditWatch
Nov 26 2001 // Standard & Poor’s removed from CreditWatch and lowered its counterparty credit and senior debt ratings on New Jersey-based Chubb Corp. to “AA-” from “AA+,” its preferred stock rating to...
S&P Cuts R&SA, Off CreditWatch
Nov 26 2001 // S&P lowered the counterparty credit rating and insurer FSR on U.K. insurer Royal & Sun Alliance and various operating entities from “AA” to “A+,” and has removed them from its...
PRUPAC Lowered
Nov 26 2001 // S&P lowered its counterparty credit and financial strength ratings on Prudential Property & Casualty Insurance Co. of Indiana (PRUPAC) to “A” from “A+.” The outlook is stable. The rating...
S&P Affirms Eureko’s ‘A-‘ Ratings
Nov 19 2001 // Standard & Poor’s has affirmed its single-‘A’- minus counterparty credit and senior unsecured debt ratings on the Netherlands-based insurer Eureko B.V., and has rated its principle subsidiaries in...
S&P Cuts RSA’s Ratings to ‘A+’, Off CreditWatch
Nov 14 2001 // Standard & Poor’s announced that it has lowered the counterparty credit and insurer financial strength ratings on U.K. insurer Royal & Sun Alliance and various operating entities from...
S&P Indicates U.S. Insurers Have Minimal Exposure to Argentine Default
Nov 13 2001 // As Argentina’s debt crisis continues to deepen, international credit rating agency Standard & Poor’s issued a statement indicating that “U.S. insurers have negligible exposure to further defaults by...
S&P: Company Ratings Could Suffer in Federal-State Squeeze on Terrorism Risk
Nov 13 2001 // Commercial insurers face a potentially untenable situation if the federal government fails to pass legislation that would help cushion terrorism costs to the industry by the end of November, and if state insurance...
S&P Affirms Groupama Ratings
Nov 12 2001 // Standard & Poor’s announced that it has affirmed all of its ratings on French composite insurer Groupama, except for two units which remain on CreditWatch with developing implications. S&P affirmed the...
S&P Lowers Counterparty Rating on PRUPAC
Nov 12 2001 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on Prudential Property & Casualty Insurance Co. of Indiana (PRUPAC) to “A” from “A+.” The outlook is...
