Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
Everest Re to Raise $280 Million; S&P Affirms Ratings
Dec 5 2005 // The Everest Re Group announced from Bermuda that it has agreed to sell approximately $280 million of its common shares to Wachovia Securities, which will subsequently offer the common shares to public investors pursuant to...
Best, S&P Assign Ratings to XL’s Capital Increase Plan
Dec 2 2005 // A.M. Best Co. and Standard & Poor’s Ratings Services have reacted more or less positively to XL Capital Ltd.’s capital raising initiative (See previous article). Best has assigned indicative debt ratings...
S&P Revises Outlook on ACE, Australia & NZ to Stable
Nov 30 2005 // In line with its announcement on ACE Ltd. (See above article), Standard & Poor’s Ratings Services announced that it has also revised its outlook to stable from negative on its “A” counterparty credit...
S&P Revises ACE Ltd. Outlook to Stable from Negative; Affirms Ratings
Nov 30 2005 // Standard & Poor’s Ratings Services announced that it has revised its outlook on ACE Ltd. and its active operating insurance companies to stable from negative. S&P also affirmed its “A+”...
S&P Downgrades XL’s Ratings to ‘A+’
Nov 29 2005 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on XL Capital Ltd.’s core operating companies to “A+” from...
S&P Raises Korean Re, LG Insurance, Hyundai Marine Ratings to ‘BBB+’
Nov 25 2005 // The Tokyo office of Standard & Poor’s Ratings Services has issued a bulletin which notes that it has raised its insurer financial strength and long-term counterparty credit ratings to “BBB+” from...
S&P Sees No Effect on Alea’s Ratings Following Sale of Renewal Rights
Nov 25 2005 // Standard & Poor’s Ratings Services has issued a statement indicating that its ratings on the Alea Group are unaffected by the announcement that is to sell the renewal rights of its U.S. primary program business...
S&P Lowers Transatlantic Re Ratings to ‘AA-‘; Off CreditWatch
Nov 23 2005 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Transatlantic Reinsurance Co. and its wholly owned subsidiaries–Putnam Reinsurance...
S&P Puts Allianz Subs on CreditWatch/Positive Following Consolidation Plan
Nov 23 2005 // Standard & Poor’s Ratings Services announced that it has “placed its ‘A-‘ counterparty credit and insurer financial strength ratings on Germany-based property/casualty insurer Allianz Marine...
S&P Affirms Aspen’s Ratings; Removes from CreditWatch
Nov 23 2005 // The London office of Standard & Poor’s Ratings Services announced that it has “affirmed its ‘A’ long-term counterparty credit and insurer financial strength ratings on U.K.-based Aspen...
S&P Raises Ratings on German Insurer VHF to “A”; Off CreditWatch
Nov 22 2005 // Standard & Poor’s Rating Services announced that it has “raised to ‘A’ from ‘A-‘ its long-term counterparty credit and insurer financial strength rating on Germany-based car and...
S&P Affirms Gothaer ‘A-‘ Rating
Nov 17 2005 // Standard & Poor’s Ratings Services announced that it has assigned its ‘A-‘ long-term counterparty credit and insurer financial strength ratings to German non-life insurer Gothaer Allgemeine...
S&P Raises Ratings on Norway Energy & Marine to ‘BBB’
Nov 16 2005 // Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Oslo-based non-life insurer Norway Energy & Marine Insurance ASA...
S&P Report Indicates French Insurance Market Remains Stable
Nov 15 2005 // Standard & Poor’s Ratings Services has issued a report – “Insurance Industry Risk Analysis: France (Republic of),” which indicates that the rating agency is “maintaining its stable...
S&P Keeps Talanx, Hannover Re on CreditWatch/Negative
Nov 15 2005 // The Frankfurt office of Standard & Poor’s Ratings Services has issued a comment following Hannover Re’s 9-month earnings report (See IJ Web site Nov. 10), indicating that the company and its largest...
S&P Puts Hannover Re, Clarendon on CreditWatch/Negative
Nov 11 2005 // While Fitch Ratings decided to affirm its “A+” ratings on Hannover Re and its subsidiaries (See following article), Standard & Poor’s Ratings Services has adopted a wait and see attitude. S&P...
S&P Assigns Ratings to Platinum’s $750 Million Debt Issue
Nov 10 2005 // Standard & Poor’s Ratings Services announced that it has assigned its preliminary “BBB” senior debt, “BBB-” subordinated debt, and “BB+” preferred stock ratings to the $750...
QBE (Europe) Ratings “Unaffected” by Branding Change Says S&P
Nov 10 2005 // Standard & Poor’s Ratings Services announced that its ratings and outlook on the recently rebranded QBE Insurance (Europe) Ltd., rated “A+” with a stable outlook, (formerly QBE International...
S&P Raises British Marine Luxembourg Ratings to ‘A’
Nov 10 2005 // Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Luxembourg-based marine insurer British Marine Luxembourg S.A. (BM) to...
S&P to Assign Rating to AXA’s Auto ART – A “Landmark Transaction”
Nov 10 2005 // Standard & Poor’s Ratings Services announced that it has assigned its preliminary credit ratings to the €200 million asset-backed floating-rate notes to be issued by FCC SPARC, an SPE, involving the...
