Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P Lowers Ratings on Lloyd’s, Zurich- Puts 15 Others on Credit Watch/Negative
Sep 21 2001 // In the face of ever increasing loss assessments from insurers following the terrorist attacks in the U.S., Standard and Poor’s announced that it had downgraded Lloyd’s financial strength rating from...
S&P Downgrades QBE’s Underwriting Units
Sep 19 2001 // The underwriting entities which make up Australia’s QBE Group became the first insurers to be downgraded by Standard & Poor’s following its assessment of the group’s exposure to the World Trade...
S&P Warns of Negative Rating Implications
Sep 19 2001 // Standard & Poor’s said it is likely to put on CreditWatch with negative implications the ratings of many insurers and reinsurers with exposures to the tragic loss at the World Trade Center on Sept. 11. Net...
S&P: Insurance Industry Not Crippled by WTC Attack
Sep 17 2001 // Standard & Poor’s announced that the direct financial losses relating to the disasters will in all likelihood exceed the largest insured losses ever yet seen. “Any attempt to quantify the financial impact...
S&P Affirms ‘AA’ Ratings for CGNU Group
Sep 10 2001 // Standard & Poor’s has affirmed its double-‘A’ counterparty credit and insurer financial strength ratings on the core operating companies of the CGNU Group, and removed Norwich Union Holdings from...
S&P GIVES FRONTIER ‘R’
Sep 10 2001 // On Aug. 28, Standard & Poor’s assigned its ‘R’ financial strength rating to Frontier Insurance Co. after the New York State Insurance Department and Frontier reached an agreement for Frontier to...
Farmers Insurance Exchange Downgraded
Sep 10 2001 // Standard & Poor’s (S&P) lowered its counterparty credit and FSR on Farmers Insurance Exchange group to “AA-” from “AA+” and placed the ratings on CreditWatch Negative. At the same...
S&P Assigns Associated Physicians Ins. Co. ‘R’ FSR
Aug 30 2001 // Standard & Poor’s assigned its “R” financial strength rating to Associated Physicians Insurance Co. (APIC). APIC was declared insolvent and placed into liquidation on Aug. 16, 2001, by the Circuit...
S&P Raises Latin American Re Ratings to AA
Aug 29 2001 // Standard & Poor’s announced that it had raised the counterparty credit and financial strength ratings on Latin American Reinsurance Co.,Ltd. (LARe) to double-‘A’ from single -‘A’-minus...
S&P Assigns Frontier Insurance Co. ‘R’ Rating
Aug 29 2001 // Standard & Poor’s assigned its “R” financial strength rating to Frontier Insurance Co. after the New York State Insurance Department and Frontier reached an agreement for Frontier to enter into...
S&P Says Japanese Banks, Insurers Are Within Tolerance Levels
Aug 28 2001 // Standard & Poor’s addressed the recent weakness in the Japanese stock market, stating that “the current level of Japanese stock prices is within the tolerance of its counterparty ratings on Japanese banks...
S&P Assigns R Rating to PHICO
Aug 27 2001 // Standard & Poor’s has assigned an ‘R’ rating (under regulatory supervision) to PHICO Insurance Co., following the granting of the Pennsylvania Insurance Department’s petition to place the...
Fireman’s Fund on CreditWatch Neg
Aug 27 2001 // On Aug. 6, Standard & Poor’s (S&P) placed its “AA-” counterparty credit and financial strength rating (FSR) on Fireman’s Fund Insurance Co. (FFIC) and related entities on CreditWatch with...
Nationwide Financial on CreditWatch Neg
Aug 27 2001 // S&P placed its ratings on Nationwide Financial Services Inc. (NFS) and related entities on CreditWatch with negative implications. At the same time, S&P placed its ratings on Provident Mutual Life & Annuity...
S&P Downgrades Acceptance
Aug 27 2001 // S&P took rating actions on Acceptance Insurance Companies Inc. (AICI) and its insurance operating subsidiaries. S&P downgraded American Growers Insurance Co. (AGIC) because of declining earnings and uncertain...
S&P Downgrades Acceptance Insurance Cos.
Aug 20 2001 // Standard & Poor’s took rating actions on Acceptance Insurance Companies Inc. (AICI) and its insurance operating subsidiaries. S&P downgraded American Growers Insurance Co. (AGIC) because of declining...
S&P Cuts Farmers Ratings to ‘AA-‘, On WatchNeg
Aug 17 2001 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on Farmers Insurance Exchange group (Farmers) to “AA-” from “AA+” and placed the ratings on CreditWatch...
Commentary: Shares of Insurers Pause After Recent Gains-What Direction Now’
Aug 13 2001 // In the short term, it’s extremely difficult to predict whether a stock will go up or down. The many factors involved are open to widely varied interpretations. Trends in a given sector can be spotted over time, but...
S&P Puts Nationwide Financial on CreditWatch Negative
Aug 9 2001 // Standard & Poor’s placed its ratings on Nationwide Financial Services Inc. (NFS) and related entities on CreditWatch with negative implications. At the same time, S&P placed its ratings on Provident Mutual...
S&P Affirms Munich Reinsurance Rating
Aug 7 2001 // Standard & Poor’s has affirmed its “AAA” long-term counterparty credit and insurer financial strength ratings on leading global reinsurer, Munich Reinsurance Co. (MRC) and all core reinsurance...
