Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
Reliance Sells Off Lines To The Hartford, Kemper
Jun 22 2000 // The following day, Kemper announced it would acquire the renewal rights to a portion of Reliance National’s book of business. Meanwhile, Standard & Poor’s has lowered its ratings on Reliance and related...
S&P Reaffirms Lloyd’s A- Rating, Also Ranks Syndicates
Jun 15 2000 // International financial rating agency Standard & Poor’s reaffirmed Lloyd’s overall A- insurer financial strength rating, and also ranked 95 of the 123 Lloyd’s syndicates, giving 11 of them it’s...
S&P Puts ING and Insurance Units on WatchNeg
Jun 8 2000 // Reacting to the recent announcement that ING had resumed talks to acquire Aetna’s international and financial services’ business, rating agency Standard & Poor’s issued a “CreditWatch with...
S&P Outlook Negative For Japanese P/C Insurance Sector
Jun 7 2000 // International Rating Agency Standard & Poor’s announced that it was “maintaining its negative outlook on the Japanese nonlife insurance sector following the disclosure of the industry’s financial...
S&P Ratings Update
Jun 6 2000 // Standard & Poor’s announced several changes in ratings and outlook for insurers over the past week. Those concerning non-U.S. companies were as follows: SCOR Re: S & P took the company off the “credit...
S&P Lowers Nationwide Ratings, Removes From Watch
Jun 1 2000 // Standard & Poor’s has lowered its ratings on Nationwide Mutual Insurance Co. and related entities. At the same time, S&P removed these ratings from CreditWatch, where they had been placed on March 30 with...
Mutual Risk Management Affirmed
May 29 2000 // The “A+” counterparty credit and financial strength ratings on Legion Insurance Co., Legion Indemnity Co. and Villanova Insurance Co. were reaffirmed by Standard & Poor’s (S&P). The companies...
A Hard Sell for the CDI
May 29 2000 // Although the California Department of Insurance (CDI) is still tied up in the defense of its Insurance Commissioner, the sale of Superior National Insurance Co. remains a high priority item on the department’s...
S&P Has Negative Outlook on German P&C Insurers
May 22 2000 // Citing consistent downward trends over the last three years, Standard & Poor’s Rating’s Services forecasts problems for German P&C insurers. “Underlying performance in the German...
S&P Uneasy About State of Global Reinsurance Industry
May 16 2000 // The string of catastrophes in 1999—the worst year on record for the frequency of natural disasters—has hit the reinsurance industry solidly. This was compounded by weak premium rates, and retrocession recovery...
S&P Places Reinsurer ESG on Watch Negative
May 15 2000 // Standard & Poor’s CreditWatch announced that it had placed the counterparty credit and insurer financial strength ratings of European Specialty Reinsurance Group (ESG Re Ltd.) on credit watch with negative...
S&P QUEASY ON CA. W/C
May 15 2000 // Standard & Poor’s (S&P) has placed its ratings on several insurance companies with significant exposure to the California workers’ comp market on CreditWatch with negative implications. These rating...
S&P Affirms ULLICO Ratings
May 15 2000 // S&P affirmed the “BBpi” financial strength ratings on several stock companies, all members of the ULLICO Group (a mid-sized insurance group, ultimately owned by the privately held stock company, ULLICO...
S&P Rating Actions Taken on European Companies
May 15 2000 // The “AA+” long-term counterparty credit and insurer financial strength ratings on Zurich Insurance Co. were affirmed by S&P. The affirmation comes in the wake of the Switzerland-based company’s...
S&P Upgrades ABB’s Sirius International to AA-
May 11 2000 // International technology giant ABB confirmed that Standard & Poor’s rating service has upgraded the “insurer financial and counterparty credit strength ratings” of its insurance subsidiary, Sirius...
S&P Lowers Fremont Rating
May 10 2000 // On May 8, Standard & Poor’s (S&P) lowered its various ratings on Fremont General Corp. and related entities and placed them on CreditWatch with negative implications. The ratings actions came soon after...
S&P Places Workers’ Comp Insurers on WatchNeg
May 10 2000 // Standard & Poor’s has placed its ratings on several insurance companies with significant exposure to the California workers”comp market on CreditWatch with negative implications. These rating actions,...
S&P Rates INSCO-Dico Group Cos.
May 1 2000 // Standard & Poor’s (S&P) took rating actions on three Irvine-based stock companies. The “BBpi” financial strength rating on Irvine-based Developers Insurance Company (DICO) was affirmed by...
S&P Maintains Hannover Re Ratings, But Lowers Outlook
Apr 30 2000 // Standard & Poor’s, while affirming Hannover Re’s overall ratings of AA- or better, revised its outlook from stable to negative, reflecting concerns over the German reinsurer’s rapid rate of...
S&P Lowers Frontier Note Issue
Apr 3 2000 // Standard & Poor’s (S&P) long-term rating on the Frontier Insurance Co.-supported medium-term note issue was lowered from “BBB+” to “BB+.” The note issue’s implied short-term...
