Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P Lowers Western Mutual Rating
Feb 28 2001 // Standard & Poor’s has lowered its financial strength rating on Western Mutual Insurance Co. to triple-‘Cpi’ from double-‘Bpi.’ This rating action reflects continued deterioration in the...
S&P Affirms SIAMCO
Feb 26 2001 // The “AApi” FSR on Sentry Insurance, a Mutual Co. (SIAMCO) was affirmed by S&P. The rating action also applies to related pool members Dairyland Ins. Co. and Middlesex Ins. Co., and fully reinsured...
S&P Places Meadowbrook Ratings on WatchNeg
Feb 21 2001 // Standard & Poor’s has placed its single-‘A’ counterparty credit and financial strength ratings on Star Insurance Co. and its wholly owned subsidiary, Savers Property & Casualty Insurance Co....
S&P Affirms Amica
Feb 12 2001 // The “AA+” counterparty credit rating and FSR on Amica Mutual Insurance Co. was affirmed by S&P. The rating action is also applicable to the company’s subsidiaries Amica Lloyds of Texas and Amica Life...
S&P Puts Markel Corp. and Related Units’ Ratings on CreditWatch Negative
Jan 22 2001 // Standard & Poor’s has placed its ratings on Markel Corp. and related entities on CreditWatch with negative implications. These rating actions are based on Standard & Poor’s concerns about prospective...
S&P Affirms Barclays, Legal and General Ratings Following Alliance
Jan 17 2001 // Standard & Poor’s international rating service quickly reaffirmed Barclays Bank’s “AA/Stable/A-I+” rating and life and pension insurer L&G’s ratings, “in the...
Allstate Ranks Among S&P’s Top Stock Picks for 2001
Jan 17 2001 // In a recent chat with BusinessWeek Online and Standard & Poor’s on America Online, Kenneth A. Shea, vice president and director of Standard & Poor’s Equity Research & Services, presented a...
S&P Gives ‘AA+’ Rating to ING Re
Jan 1 2001 // Standard & Poor’s assigned its “‘double-A plus long- term counterparty credit and insurer financial strength ratings to ING Re(Netherlands) N.V.,” reflecting its core position within the ING...
S&P Affirms American Safety
Dec 25 2000 // The “BBBpi” FSR on American Safety Casualty Insurance Co. was affirmed by S&P. The company’s extremely strong capitalization and five-year average return on revenue were cited as key factors in the...
S&P Affirms Zurich Re (Koln) ‘AA’ Ratings – Outlook Negative
Dec 19 2000 // Credit rating agency Standard & Poor’s affirmed the double ‘A’ ratings of Zurich Re (Koln), a reinsurance division of Zurich Financial Services, but changed the outlook from stable to negative. The...
Fremont Downgraded, Under CDI’s Supervison
Dec 11 2000 // Fremont General Corp. and related entities are now under the increased regulatory oversight of the California Department of Insurance (CDI), and the three big rating organizations are not taking this as a good sign. A.M....
XL’s Financial Guarantee Subs Rated Triple A
Dec 7 2000 // Standard & Poor’s rating Services and Fitch, Inc. gave XL’s financial guarantee insurance operations a big endorsement with Triple A ratings for both XL Capital Assurance, the primary insurer, and XL...
S&P Takes Fremont Subs Ratings Off Watch, Revises to ‘R’
Dec 1 2000 // Standard & Poor’s has removed Fremont General Corp. and related entities from Credit Watch. These ratings had been placed on CreditWatch on May 8, with negative implications. Subsequently, Standard &...
S&P Affirms Lloyd’s A+ Rating Following Court Ruling
Nov 6 2000 // Standard & Poor’s has affirmed its single A+ insurer financial strength rating on U.K.-based Lloyd’s Insurance Market, reflecting a judgement made by the U.K. High Court in favor of Lloyd’s. The...
S&P Lowers Cornhill Ratings to “AA-“
Oct 17 2000 // Standard & Poor’s rating service announced that it had “lowered its long-term counterparty credit and financial strength ratings on U.K. insurer Cornhill Insurance PLC (Cornhill) to double...
S&P Confirms Earthquake Didn’t Trigger Japanese Cat Bonds
Oct 10 2000 // While the earthquake which struck Western Japan last week was very strong, measuring 7.3 on the Japanese Meteorological Agency scale, it was extremely deep, and the epicenter was far from a major population center –...
S&P Affirms Chiyoda Ratings Following Withdrawal from London Re Market
Oct 6 2000 // Standard & Poor’s rating service affirmed its double ‘A’-minus, outlook negative counterparty credit and insurer financial strength ratings for The Chiyoda Fire and Marine Insurance Co. (Europe)...
S&P Lowers Groupama Ratings
Oct 5 2000 // Standard & Poor’s announced that it had lowered the financial strength and counterparty credit ratings to “single-A from single A plus” for CCAMA, the parent company of France’s Groupama...
S&P Assigns ‘BBBpi’ to American Road
Oct 2 2000 // A “BBBpi” FSR was assigned to The American Road Insurance Co. (ARI) by S&P. The company, which is licensed in 52 states, the District of Columbia and Canada, is a strategically important member of the...
S&P Revises Outlook on Reliance (Europe) to Negative
Sep 22 2000 // Following yesterday’s announcement that Candover Investment Plc was pulling out of talks to acquire Reliance National Insurance Co. (Europe) Ltd., a subsidiary of U.S. insurer Reliance Group, Standard &...
