Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P Hands American Superior an ‘R’ Rating
Oct 4 2004 // Standard & Poor’s Ratings Services has assigned its ‘R’ financial strength rating to American Superior Insurance Co. based on the company’s announcement last week that it has agreed to be put...
S&P Assigns ‘AA-‘ Ratings to Tokio Marine & Nichido Fire Insurance; Outlook Stable
Oct 1 2004 // Standard & Poor’s Ratings Services announced that it has assigned its ‘AA-‘ financial strength and long-term counterparty ratings to Tokio Marine & Nichido Fire Insurance Co. Ltd. with a stable...
S&P Raises If P&C Ratings to ‘A-‘
Sep 29 2004 // Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Sweden’s If P&C Insurance Ltd. and Finland’s If...
S&P Affirms Odyssey Re’s Operating Subs ‘A-‘ Ratings, Stable Outlook
Sep 28 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A-” counterparty credit and financial strength ratings on Odyssey Re Holdings Corp.’s (ORH) operating subsidiaries:...
S&P Affirms Ratings on AXA Run-off Units; Removed from CreditWatch
Sep 28 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “BBB” long-term counterparty credit and insurer financial strength ratings on U.S.-based AXA Corporate Solutions Life Reinsurance...
S&P Comments on Hurricane Jeanne’s $7 Billion Impact on U.S. P/C Insurers
Sep 28 2004 // Standard & Poor’s Ratings Services has issued a comment on the state of the U.S. property/casualty insurance industry and its short- and intermediate-term prospects in the wake of Hurricane Jeanne, the fourth...
S&P Bulletin on P/C Holding Company Analysis Method
Sep 27 2004 // Standard & Poor’s Ratings Services has published an article on its Website (www.standardandpoors.com) presenting the rating agency’s approach as to how it evaluates P/C insurance holding companies. Such...
S&P Affirms QBE Re (Europe) ‘A+’ Ratings
Sep 23 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A+” long-term counterparty credit and insurer financial strength ratings on Dublin-based non-life reinsurer QBE Reinsurance...
S&P Assigns ‘A-‘ Rating to QBE Debt Securities
Sep 22 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “A-” senior debt rating to Australian insurer QBE’s Funding Trust III’s US$375 million 20-year zero coupon senior...
S&P Affirms Co-operators General ‘BBB-‘ Rating; Outlook Raised to Positive
Sep 22 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Guelph, Ontario-based Co-operators General Insurance Co. (CGIC) to positive from stable, and has affirmed its long-term...
S&P: Harleysville Group ‘BBB-‘ Ratings Affirmed; Outlook for Company Remains Negative
Sep 21 2004 // Standard & Poor’s Ratings Services affirmed its ‘BBB-‘ counterparty credit rating on Pennsylvania-based Harleysville Group Inc. The outlook remains negative. The rating reflects management’s...
S&P Affirms Employers Re ‘A+’ Ratings
Sep 21 2004 //
Clarendon Outlook Stable
Sep 20 2004 // Standard & Poor’s Ratings Services revised its outlook on Clarendon National Insurance Co. and two of its subsidiaries—Clarendon America Insurance Co. and Redland Insurance Co.—to stable from negative. At...
S&P Raises R&SA (Hong Kong) Ratings to ‘BBB’
Sep 20 2004 // Standard & Poor’s Ratings Services announced that it has raised its public information (pi) financial strength and counterparty credit ratings on Royal & Sun Alliance Insurance (Hong Kong) Ltd. (RSA HK) to...
Converium’s Conundrum: Reserve Requirements Hit Reinsurer
Sep 20 2004 // When Zurich Financial Services (ZFS) spun off its reinsurance operations into Converium in September 2001, the new company had a bright future. Initial capitalization exceeded $1.6 billion; ZFS had agreed to retain...
S&P Affirms Cincinnati Insurance and Subsidiaries, But Retains Negative Outlook
Sep 16 2004 // Standard & Poor’s Ratings Services affirmed its “AA-” counterparty credit and financial strength ratings on Cincinnati Insurance Co., Cincinnati Casualty Co. and Cincinnati Indemnity Co. (CIC). At...
S&P Upgrades Nisshin Fire to ‘BBB’; Outlook Positive
Sep 16 2004 // Standard & Poor’s Ratings Services announced that it has raised its financial strength and long-term counterparty ratings on Japan’s Nisshin Fire & Marine Insurance Co. Ltd. to “BBB” from...
S&P: Challenges to Property Catastrophe Reinsurers
Sep 16 2004 // Standard & Poor’s Ratings Services has published a review of the property catastrophe reinsurance industry, titled “Is Property Catastrophe Reinsurance a Commodity,” examining its commodity-like...
S&P Revises Outlook on Italy’s Generali to Stable; Affirms ‘AA’ Ratings
Sep 14 2004 // Standard & Poor’s Ratings Services announced that it has revised to stable from negative its outlook on Assicurazioni Generali SpA, the parent and main property-casualty company of the pan-European insurance...
Converium Confirms U.S. Operations Run-off ; Comments on Ratings Downgrades
Sep 13 2004 // Swiss-based reinsurer Converium expressed disappointment with Standard & Poor’s latest decision to lower the holding company’s ratings from “A-” to “BBB.” It also confirmed plans to...
