Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
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...
Ratings Roundup: Assurant, Dongbu (U.S.), Home Pointe
Oct 29 2007 // Standard & Poor’s Ratings Services has affirmed its ‘BBB+’ counterparty credit rating on Assurant Inc., removed it from CreditWatch negative, and assigned a negative outlook to the company. S&P...
Ratings Recap: Labuan, Ansvar, MERITZ, Fairfax, Northbridge
Oct 26 2007 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Malaysia’s Labuan Reinsurance Ltd. with a stable outlook. “The...
