Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
Ratings Recap: Channel Re, Bluewater, Flagstone Re, Casiopea Re, Aviva
Jun 5 2008 // Standard & Poor’s Ratings Services has lowered its financial strength rating on Channel Reinsurance Ltd. to ‘AA’ from ‘AAA’, removed the rating from CreditWatch with negative implications...
Analysts: U.S. Insurers Sitting with Excess Capital Face Rocky Road
Jun 5 2008 // U.S. insurers, in an industry awash in excess capital, face a stretch of turbulence that won’t soon abate, according to analysts at a Standard & Poor’s Ratings Services conference this...
S&P Keeps Nationwide on CreditWatch
Jun 2 2008 // Standard & Poor’s Ratings Services has announced that it is keeping its ratings on Nationwide Financial Services Inc. (NFS), its subsidiaries, and related securities on CreditWatch with negative...
S&P Report Foresees Improvement in UK Non-Life Insurance Sector
May 29 2008 // A new report from Standard & Poor’s Ratings Services – “U.K. Non-Life Insurance Underwriting Performance Should Improve In 2008, But Underlying Performance May Deteriorate” – notes that,...
Ratings: Triad, Crawford, Liberty (Debt), Nat’l. Lloyd’s/Summit, Grange Mutual, Horace Mann, American Community
May 27 2008 // Standard & Poor’s Ratings Services announced that all of its ratings on Triad Guaranty Inc.(TGIC), currently ‘BB’, and its mortgage insurance subsidiary, Triad Guaranty Insurance Corp. (Triad),...
S&P Removes AIG from CreditWatch; Rating Outlook Remains Negative
May 23 2008 // Standard & Poor’s Ratings Services has affirmed and removed from CreditWatch negative its ‘AA-/A-1+’ counterparty credit and senior debt ratings on American International Group Inc. S&P also...
Ratings Roundup: Gard M&E, Industriforsikring, Eureko, Echelon
May 20 2008 // Standard & Poor’s Ratings Services has assigned its ‘A+’ long-term counterparty credit and insurer financial strength ratings to Sweden-based marine insurer Gard Marine & Energy Försäkring AB...
S&P Rates AIG’s New Debt Offerings
May 19 2008 // Standard & Poor’s Ratings Services has assigned its ‘A’ junior subordinated debt ratings to American International Group Inc.’s €750 million ($1.163 billion) of Series A-7 and £900 million...
ACE Prices $450 Million Senior Notes; S&P Assigns ‘A-‘ Rating
May 15 2008 // ACE Limited announced that its subsidiary, ACE INA Holdings Inc., has agreed to sell $450 million of 5.60 percent Senior Notes due May 2015. The notes will be guaranteed by ACE Limited. Ace said it would use the net...
Ratings Roundup: AIG-Equity, MBIA, Great Lakes, Country-Wide, Infinity, Allstate, Farmers Mutual (Nebr.)
May 15 2008 // Standard & Poor’s Ratings Services has assigned its ‘A’ junior subordinated debt rating to American International Group Inc.’s $5 billion of equity units. S&P also said it has...
S&P Lowers Kingsway’s Ratings to ‘BB’
May 12 2008 // Standard & Poor’s Ratings Services has lowered its long-term counterparty credit and senior unsecured debt ratings on Toronto-based specialty insurance provider Kingsway Financial Services Inc. to...
Ratings Roundup: Panther Re, Travelers (Canada), Montpelier Re
May 12 2008 // Standard & Poor’s Ratings Services has withdrawn its ‘BBB+’ counterparty credit rating on Panther Re Bermuda Ltd.’s senior secured Term A loan and its ‘BB+’ rating on Panther...
S&P Lowers AIG’s Ratings; On CreditWatch/Negative
May 9 2008 // American International Group’s whopping $7.81 billion first quarter loss (See related article) brought an immediate reaction from Standard & Poor’s Ratings Services. S&P has lowered its counterparty...
S&P Report: Solvency II More Significant for European Insurers than Credit Crunch
May 8 2008 // Standard & Poor’s Ratings Services has published a report – “Subprime Asset Losses And Related Capital Market Disruption Still Have Little Effect On European Insurance Industry” – which...
Ratings Recap: Calif. Auto/Mercury, Arrowhead, Louisiana Farm, Chubb, Triad
May 8 2008 // Standard & Poor’s Ratings Services has raised its counterparty credit and financial strength ratings on California Automobile Insurance Co. (California Auto) to ‘A+’ from ‘A’. S&P...
No Rating Change for Swiss Re Following Write-Downs Says S&P
May 7 2008 // Standard & Poor’s Ratings Services has said that its ‘AA-‘ long-term counterparty credit and insurer financial strength ratings on Swiss Re “are unaffected by its disclosure, as part of its...
S&P Affirms Berkshire Hathaway’s ‘AAA’ Ratings; Outlook Stable
May 7 2008 // Standard & Poor’s Ratings Services has affirmed its ‘AAA’ counterparty credit, ‘A-1+’ commercial paper, and ‘AAA’ senior unsecured debt ratings on Berkshire Hathaway Inc....
Ratings: Great Northwest, General Atlantic, Penn National, Rockford, Radian, Triad, Navigators
May 6 2008 // Standard & Poor’s Ratings Services has revised its outlook on Great Northwest Insurance Co. (GNIC) to stable from negative, and has also affirmed its ‘BB-‘ counterparty credit and financial strength...
Ratings Roundup: Pacific International, Resolution, ING
May 6 2008 // A.M. Best Co. has revised the outlook to positive from stable for the ratings of New Zealand’s Pacific International Insurance Limited (PII), and has affirmed PII’s financial strength rating of ‘B+’...
S&P Reports on the ‘Evolving World of Property/Casualty Securitizations’
May 2 2008 // A report from Standard & Poor’s Ratings Services analyzes the catastrophe bond and reinsurance sidecar markets, which, S&P concludes, have “experienced sharp surges of activity after 2005.”...
