Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P Affirms Lloyd’s A+ Rating
Sep 19 2000 // Despite expected losses from 1997 through this year, Standard & Poor’s reaffirmed the Lloyd’s insurance market’s A+ insurer financial strength rating. S&P cited Lloyd’s “very strong...
S&P Lowers Millers Ins. Rating; Company Reveals Strategy for Recovery
Sep 19 2000 // Standard & Poor’s lowered its financial strength rating on The Millers Insurance Co. and its related pool member, The Millers Casualty Insurance Co. The companies are subsidiaries of Millers American Group based...
S&P Affirms Corpa Reinsurance
Sep 18 2000 // The “Bpi” financial strength rating on Corpa Reinsurance Company was affirmed by S&P. The company wrote property and casualty treaty reinsurance on fire and commercial multiple lines peril. However,...
AIG Agrees to Purchase HSB Group Inc.
Sep 4 2000 // American International Group Inc. (AIG) announced it made a definitive agreement to acquire HSB Group Inc. for a price of approximately $1.2 billion. “We think that the synergies are terrific, and we look forward to...
S&P Affirms ‘BBBpi’ Rating on Crusader
Sep 1 2000 // Standard & Poor’s (S&P) affirmed its triple-‘Bpi’ financial strength rating on Woodland Hills, Calif.-based Crusader Insurance Company. Key rating factors include the company’s extremely...
State Fund Removed from Credit Watch
Aug 21 2000 // California’s largest workers’ comp carrier, State Compensation Insurance Fund (SCIF), was removed from Credit Watch status by Standard & Poor’s (S&P), which also reaffirmed the company’s...
S&P Affirms Hemar
Aug 21 2000 // The “BBpi” financial strength rating on Hemar Insurance Corp. of America was affirmed by S&P. The Hemar’s limited remaining business scope and earnings combined with volatile loss development and...
S&P Affirms Heritage Mutual
Aug 21 2000 // The “BBBpi” financial strength ratings on Heritage Mutual Insurance Co. (WI) and its wholly owned reinsured affiliate, Greatway Insurance Co., were affirmed by S&P. The company, a member of the Heritage...
Hamilton Ins. Co. Rated “R” by S&P
Aug 16 2000 // Standard & Poor’s assigned on Tuesday its ‘R’ rating to Hamilton Insurance Co. This action follows news that the Commonwealth Court has granted the Pennsylvania Insurance Department’s petition...
S&P Takes Rating Actions on Farmers Group and
Aug 14 2000 // Standard & Poor’s removed from CreditWatch and affirmed its ratings on Farmers Group Inc. (FGI) and the interactively rated members of the Farmers Insurance Exchange Intercompany Pool (Farmers). These ratings...
S&P: Most New London Market Capacity Headed To Lloyd’s
Aug 10 2000 // A new report by Standard and Poor’s says the expansion of London-based insurance business is mostly taking place at Lloyd’s of London. The report, Insurance Market Profiles, says that, although the London...
S&P Removes State Fund from Credit Watch
Aug 8 2000 // Standard & Poor’s (S&P) removed State Compensation Insurance Fund (SCIF), California’s largest workers’ comp carrier, from “Credit Watch” status and reaffirmed the company’s A...
S&P Assigns “CCCpi” to Superior Ins.
Aug 7 2000 // A “CCCpi” financial strength rating was assigned to Superior Insurance Company by Standard & Poor”s (S&P). The rating action also applies to the company”s wholly owned and reinsured...
S&P Lowers Polygon Insurance to BBB-; On Watch Development
Aug 3 2000 // Standard & Poor’s today lowered its counterparty credit and insurer financial strength ratings on the U.K. specialist aviation insurance company Polygon Insurance Co. Ltd. (to triple-‘B’-minus from...
S&P Lowers Fremont General Corp. and Related Unit Ratings
Aug 2 2000 // Standard & Poor’s today lowered its ratings on Fremont General Corp. (Fremont), Fremont General Financing I, and the members of the Fremont Comp Intercompany Pool (FCIP). These ratings remain on CreditWatch,...
Leucadia Backs Out of Planned Reliance Deal
Jul 24 2000 // Leucadia National Corp. backed out of its acquisition agreement with Reliance Group Holdings Inc. on July 13 under the deal’s current terms. The planned $293-million stock swap was first announced May 26. The...
S&P Affirms American General
Jul 10 2000 // The ‘AA+’ counterparty credit and financial strength ratings on the American General Financial group of insurance companies was affirmed by Standard & Poor’s (S&P). Concurrently, the...
S&P Lowers Reliance Group Holdings and Related
Jul 7 2000 // Standard & Poor’s has lowered its ratings on Reliance Group Holdings Inc. (Reliance) and the members of the Reliance Insurance Co. Intercompany Pool. These ratings remain on CreditWatch, where they were placed...
S&P Affirms Ratings on AXA, Groupama, Royal & Sun
Jun 27 2000 // Standard & Poor’s recently made announcements affirming the credit ratings of the French and U.K. insurers as follows: AXA – The report on France’s AXA Group affirmed its extremely strong financial...
S&P Restructures Ratings Divisions Into Two Groups
Jun 23 2000 // Edward Emmer, former head of the corporate finance group, will head the new organization, which is being called the Capital Markets Focus Group until a new name is chosen. Ratings for financial institutions and insurance...
