Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
Shares of Insurers Pause After Recent Gains-What Direction Now’
Aug 6 2001 // It’s extremely difficult to predict whether a stock will go up or down-more so in the sort term. Too many factors involved, which are open to widely varied interpretations. Trends in a given sector can be spotted...
HCC Insurance Holdings Affirmed
Aug 6 2001 // HCC Insurance Holdings recently received affirmation of Standard & Poor’s “A” counterparty credit rating on HCC Insurance Holdings and “AA” counterparty credit and financial strength...
S&P Withdraws Philadelphia Ins Co. Ratings
Aug 6 2001 // Standard & Poor’s has withdrawn its “A” counterparty credit and financial strength ratings on Philadelphia Insurance Co. and Philadelphia Indemnity Insurance Co., members of the Philadelphia...
S&P Says Asbestos Claims Affect Insurance Negatively But Not Terminally
Aug 3 2001 // The latest financial strain on insurers that cover liability settlements for employers of asbestos workers will negatively, but not terminally affect the insurance industry’s finances, a new Standard &...
S&P Rates Mercury General Corp
Jul 31 2001 // Standard & Poor’s today assigned its preliminary “A” issuer credit rating to Mercury General Corp. (Mercury). The outlook is stable. At the same time, S&P assigned its preliminary...
S&P Removes Royal Nederland’s Ratings
Jul 30 2001 // Standard & Poor’s today affirmed its “AA-” counterpary credit and insurer financial strength ratings on Dutch companies Royal Nederland Schadeverzekering N.V., Royal Nederland Levensverzekering N.V.,...
Nationwide Placed on CreditWatch Negative
Jul 23 2001 // Nationwide Mutual Insurance and its related entities were placed on CreditWatch with negative implications by Standard & Poor’s. The rating actions point out S&P’s concerns that Nationwide’s...
S&P Reports Russia Ready for Insurance
Jul 23 2001 // The Russian insurance market appears ready for steady growth in the next five to 10 years according to a report by Standard & Poor’s. The announcement comes after last month’s upgrade of S&P’s...
S&P Report Sees Latin American Growth
Jul 11 2001 // A new report from international financial analysts Standard & Poor’s sees substantial growth potential in Latin America and analyzes the prospects of the region’s 50 largest insurers. Highlights of the...
S&P Revises Outlook on U.S. Personal Lines P/C Industry to Negative
Jul 11 2001 // Standard & Poor’s revised its outlook on the personal lines property/casualty sector (i.e., home and auto insurance) of the U.S. insurance industry to negative from stable. In conjunction with this rating...
S&P Ratings Reports on Sunderland Marine, Gjensidige NOR
Jul 6 2001 // International rating agency Standard & Poor’s announced that it had lowered its counterparty credit and insurer financial strength rating on Sunderland Marine Mutual Insurance Co. Ltd (SMMI) to...
S&P Affirms AMP ‘AA’ Ratings, Outlook Negative
Jul 3 2001 // Standard & Poor’s affirmed the double-‘A’ counterparty credit ratings and insurer financial strength ratings on the principle operating entities of Australian insurer AMP, but changed the outlook...
S&P Affirms Africa Re ‘BBB’ Ratings
Jun 29 2001 // Standard & Poor’s international insurance rating service has reaffirmed the ‘BBB’ long-term counterparty credit and insurer financial strength ratings of African Reinsurance Corp. with a...
S&P Assigns Allianz’ ART Its ‘AA’ FER Rating
Jun 8 2001 // Standard & Poor’s “assigned its double -‘A’ financial enhancement rating (FER) to Zurich-based Allianz Risk Transfer (ART),” an Allianz AG subsidiary which specializes (naturally enough)...
Polish Market Stable According to S&P
Jun 7 2001 // The Polish non-life insurance market has stabilized and appears headed for a period of growth according to Standard & Poor’s (S&P) most recent studies. S&P’s report notes that against decreasing...
Philadelphia Consolidated Holding Joins S&P SmallCap 600 Index
Jun 5 2001 // Philadelphia Consolidated Holding Corp., which markets and underwrites specialty property and casualty insurance products, announced that after the close of trading on May 31, the company was included as a component of the...
Lumbermens Mutual Casualty Cos. Ratings Affirmed
May 17 2001 // Standard & Poor’s (S&P) affirmed all outstanding interactive ratings on Lumbermens Mutual Casualty Cos. (the Kemper Insurance Cos., collectively Kemper). The outlook is stable. According to S&P, Kemper...
State Fund Withdraws from Best’s Rating Process
May 13 2001 // “In essence, we’d like to assure all of our policyholders that we are solvent, that we’re still financially strong,” said Jim Zelinski, spokesperson for California State Compensation Insurance Fund,...
Amwest Surety’s Rating Revised to ‘R’
May 10 2001 // Standard & Poor’s (S&P) revised its financial strength rating (FSR) on Amwest Surety Insurance Co. (Amwest Surety) to “R” from “CCCpi.” S&P took this rating action after Amwest...
Ohio Casualty Ratings Lowered
May 9 2001 // Standard & Poor’s (S&P) lowered its “BBB+” counterparty credit and financial strength ratings on American Fire & Casualty Co., Ohio Casualty Insurance Co., Ohio Security Insurance Co., and...
