Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P Comments on KAMP RE Extension Notice; No Rating Change
Nov 20 2007 // Standard & Poor’s Ratings Services acknowledged that it has received a copy of an extension notice from the administrator for KAMP RE 2005 Ltd. “As permitted under the transaction documents, Swiss...
Spain’s Mapfre Sees Commerce as Portal to Expansion in U.S.
Nov 18 2007 // Insurer likes Hispanic market potential as well as solid performance of Mass. personal lines insurer The potential of the Hispanic insurance market is one of the factors attracting Spanish insurer Mapfre to its acquisition...
S&P to Hold Conferences on European Bank Sector
Nov 16 2007 // Standard & Poor’s announced that it will be holding conferences on the European bank sector across Europe. The meetings will concentrate on “how financial institutions are managing their way through the...
S&P Reports Ratings Gap ‘Narrowing’ between Middle East & UK Insurers
Nov 16 2007 // Standard & Poor’s Ratings Services has published “How Middle East Non-Life Insurers Are Developing From A Rating Perspective: A Comparison With The U.K..” S&P initially stated: “Middle...
S&P Report on Bermuda’s Re/Insurers – Cautious, but Optimistic
Nov 14 2007 // Analysts from Standard & Poor’s Ratings Services have pit together an analytical report on Bermuda’s insurance and reinsurance industry, following what S&P sees as “another excellent...
Ratings Recap: Dresdner, Allianz, LEMMA, Malayan, Chaucer 1084, Fubon
Nov 14 2007 // Standard & Poor’s Ratings Services has announced that its ratings and outlook on Allianz SE -‘AA’ debt ‘A-1+’ with a stable outlook – and related entities were unaffected by our...
S&P Report Examines Calif. Earthquake Insurance Coverage
Nov 14 2007 // As if Southern California’s recent devastating wildfires weren’t enough, the Golden State got a second jolt on Oct. 30 via a 5.6 magnitude earthquake just outside of San Jose. An article published by Standard...
Ratings Roundup: MMC (Marsh), American Safety, Stockbridge
Nov 12 2007 // Standard & Poor’s Ratings Services has placed its ‘BBB’/’A-2’ counterparty credit rating on Marsh & McLennan Cos. (MMC) on CreditWatch with negative implications. S&P said it...
Ratings Roundup: Blue Fin (Allianz), Generali, Greenlight Re, Eureko
Nov 8 2007 // Standard & Poor’s Ratings Services has assigned its ‘BB+’ long-term senior secured debt ratings to each of the following notes issued by Blue Fin Ltd. under Allianz SE’s (rated...
Ratings Roundup: AmCOMP, Alliant
Nov 8 2007 // AmCOMP Assurance Corporation and AmCOMP Preferred Insurance Company have each earned a Financial Stability Rating® (FSR) of ‘A,’ Exceptional, from Demotech, Inc. “This level of FSR is assigned to...
Hartford Expands Professional Liability to London; Best, S&P Rate New Unit
Nov 7 2007 // The Hartford Financial Services Group announced that it is expanding its existing international professional liability underwriting capabilities with the opening of a new office in London. Following the success of its U.S....
S&P Says KAMP RE 2005 ‘Imminent Default Probable’
Nov 6 2007 // Standard & Poor’s Ratings Services announced that it has received a copy of a proof-of-claim notice from the administrator for KAMP RE 2005 Ltd., which “puts the ultimate net losses in excess of the...
S&P Examines Europe’s Insurers Exposure to ‘Credit Crunch’
Nov 6 2007 // Standard & Poor’s has published an “Industry Report Card” on Europe’s insurers, which examines their situation “in the aftermath of the subprime credit crunch,” the findings of an...
Ratings Recap: Hingham, Beazley (US), Kanawha, Genworth Mortgage
Nov 6 2007 // A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘B+’ (Good) from B++ (Good) and assigned issuer credit ratings (ICR) of “bbb-” to The Hingham Group and its members –...
Business Moves
Nov 4 2007 // Engle Martin & Associates Engle Martin & Associates Inc., a national independent insurance adjusting and claims administration firm based in Atlanta, is extending its presence in California by opening a...
Ratings Recap: IGI, R&SA, Gerling KA, Mapfre, Alliance PSC, Lonpac, United
Nov 2 2007 // Standard & Poor’s Ratings Services has assigned its ‘BBB’ long-term counterparty credit and insurer financial strength ratings to Bermuda-based insurer, International General Insurance Co. Ltd. (IGI)...
S&P Report Examines ‘Cycle Downturn’ Impact on Reinsurers
Nov 1 2007 // Standard & Poor’s Ratings Services has published “Cycle Downturn Doesn’t Have To Mean Plummeting Profits For Savvy Reinsurers.” The study examines the situation after 2006, which is seen as the...
S&P Affirms Commerce, Mapfre Ratings; Few Concerns Over Merger
Oct 31 2007 // Standard & Poor’s Ratings Services said today that it affirmed its ‘BBB’ counterparty credit rating on Commerce Group Inc. and its ‘A’ counterparty credit and financial strength ratings...
Ratings Roundup: Doctors Company, Old Republic Financial, 21st Century
Oct 31 2007 // A.M. Best Co. has commented that the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit ratings (ICR) of “a-” of California-based The Doctors Company Insurance Group (TDCG)...
Ratings Recap: Everest Re, Groupama, First Net, Novae, Hiscox, Amlin, Eurasia, Amlin (Bermuda), HSBC Re
Oct 29 2007 // Standard & Poor’s Ratings Services commented on an announcement by the Bermuda-based Everest Re Group Ltd. (A-/Negative/–) and related subsidiaries (collectively referred to as Everest). Following its...
