Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P Raises Chubb’s Ratings to ‘A+’
Dec 16 2008 // Standard & Poor’s Ratings Services announced that it has raised its counterparty credit rating on Warren, N.J.-based Chubb Corp. to ‘A+’ from ‘A’, “to reflect reduced notching...
S&P: Challenging Times Loom For U.S. Insurers in 2009
Dec 15 2008 // The deteriorating U.S. economy – with its waves of layoffs, dislocations in the credit and equity markets, and falling home prices – will present a challenge in 2009 for almost every domestic business sector,...
S&P Finds European Insurance Holds Up Despite Market Conditions
Dec 11 2008 // Standard & Poor’s Ratings Services has published its latest findings on the state of European insurers. It concludes that for the most part, “with the exception of the relatively small number of...
S&P Affirms ING Ratings; Outlook Revised to Negative
Dec 11 2008 // Standard & Poor’s Ratings Services said today that it has revised its outlooks on ING Groep N.V., ING Verzekeringen N.V., ING Bank N.V., and certain related entities to negative from stable. S&P also...
Ratings Roundup: Mapfre, Ghana Re
Dec 10 2008 // Standard & Poor’s Ratings has revised its outlook on Spain’s Mapfre S.A and related core subsidiaries (Mapfre Empresas, Compania de Seguros y Reaseguros, S.A. and Mapfre Re Compañía de Reaseguros, S.A.)...
Ratings Recap: HDI (Italy), Provident, Polish Re, Arab Insurance Group
Dec 8 2008 // Standard & Poor’s Ratings Services has placed its ‘A’ long-term counterparty credit and insurer financial strength ratings on Italy-based insurer HDI Assicurazioni SpA (HDI/Italia or HDI/I) on...
S&P Warns of ‘Multi-Notch Downgrades’ on 5 Mortgage Insurers
Dec 8 2008 // Standard & Poor’s Ratings Services announced that it has placed its ratings on five major U.S. mortgage insurers and their core and dependent foreign subsidiaries on CreditWatch with negative implications. These...
S&P Affirms Allianz Mexico Ratings; Outlook Stable
Dec 8 2008 // Standard & Poor’s Ratings Services affirmed its ‘A-‘ global financial strength rating and its ‘mxAAA’ national scale rating on Mexico-based Allianz Mexico Compañía de Seguros S.A....
S&P Raises Hiscox (UK) Ratings to ‘A’; Assigns Stable Outlook
Dec 2 2008 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on U.K.-based non-life insurer Hiscox Insurance Co. Ltd. (HISCO) to ‘A’ from...
Ratings: Ancon/Petroleum Casualty, Horace Mann, Great Northwest
Dec 2 2008 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A++’ (Superior) from ‘A+’ (Superior) and issuer credit ratings (ICR) to “aa+” from “aa” of Ancon Insurance...
S&P Says Global Reinsurers Need Price Rises To Rebuild Capital
Nov 26 2008 // Standard & Poor’s Ratings Services said in a report published today that reinsurers have had sufficient excess capital available to absorb the shocks of the past year, but much of that cushion has now been...
Ratings Recap: Malaysian Re, Asia Capital Re, AGS (Diageo), NEMI
Nov 25 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Malaysian Reinsurance Berhad (Malaysian Re), both with stable outlooks....
S&P Affirms Aon’s ‘BBB+’ Ratings; Removed from CreditWatch/Negative
Nov 24 2008 // Standard & Poor’s Ratings Services has affirmed its ‘BBB+’ counterparty credit and senior unsecured debt ratings on Aon Corp. and has removed the ratings from CreditWatch, where they had been placed...
S&P Raises Hannover Re Africa Ratings to ‘A’
Nov 21 2008 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on South Africa-based non-life reinsurer Hannover Reinsurance Africa Ltd. to ‘A’...
S&P Raises Munich Re Africa Ratings
Nov 21 2008 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on South Africa-based reinsurer Munich Reinsurance Co. of Africa Ltd. to ‘A’...
S&P Revises Atradius Outlook to Negative; Affirms Ratings
Nov 21 2008 // Standard & Poor’s Ratings Services has revised to negative from stable its outlook on Atradius Credit Insurance N.V., Atradius Reinsurance Ltd., Atradius Trade Credit Insurance Inc., and Compañía Española de...
Best, S&P Affirm State Auto Ratings Following Rockhill Agreement
Nov 20 2008 // Both A.M. Best Co. and Standard & Poor’s Ratings Services have affirmed their respective ratings on the State Auto Group of Companies, which are in turn the operating divisions of State Auto Financial...
Ratings: Travelers (UK), Bison, Dubai Islamic, Milli Re, Hang Seng, LIG
Nov 19 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of UK-based Travelers Insurance Company Limited (TIC). The outlook for both ratings...
S&P Assesses Current Conditions for Bermuda Insurers, Reinsurers
Nov 14 2008 // Standard & Poor’s Ratings Services has just published a new study – “Bermuda Insurers And Reinsurers: The Good, The Bad, And The Ugly – ” which examines the current status of the...
Market Perception of Creditworthiness Affects Insurers, Says S&P
Nov 13 2008 // A report from Standard & Poor’s Ratings Services notes that “in a confidence-sensitive industry, many insurers have seen their financial strength acutely affected by market perception of their credit...
