Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P Concerned by Hurricane Ivan; “Challenges Insurers’ Predictive Models”
Sep 13 2004 // Standard & Poor’s Ratings Services has issued a bulletin indicating that it “views the approach of Hurricane Ivan, which is projected to be moving toward Florida, with concern.” Reinstatement...
S&P Affirms American Re and Affiliates ‘A’ Ratings
Sep 10 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A” counterparty credit and financial strength ratings on U.S.-based American Re-Insurance Co. and its subsidiaries American...
S&P Lowers Outlook on Swiss Re; Affirms ‘AA’ Rating
Sep 9 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on global reinsurer Swiss Reinsurance Co. and related entities of the Swiss Re group to negative from stable. At the same time,...
S&P Analyzes Potential Impact of Q3 Hurricanes; Questions Catastrophe Models
Sep 8 2004 // Standard & Poor’s Ratings Services has issued a prelimlinary report on the series of hurricanes, notably Frances and Charley, which have struck the U.S. S&P indicated: “Although it’s still too...
S&P Affirms AXIS ‘A’, ‘BBB’ Ratings
Sep 7 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “BBB+” counterparty credit rating to Bermuda-based AXIS Capital Holdings Ltd. It also affirmed its “A” ratings on...
California Still Vulnerable in Workers’ Compensation Market
Sep 6 2004 // Just when it seemed California might overcome its perennial workers’ compensation crisis, renewed downward pricing pressure threatens to send the market into another tailspin, according to analysts at Standard &...
S&P Raises Outlook, Affirms ratings on Tokio Marine’s Dublin Reinsurer TMGRe
Sep 3 2004 // Accompanying its announcement on TMRe, Standard & Poor’s Ratings Services also noted that it has revised its outlook on Dublin-based reinsurer Tokio Marine Global Re Ltd. (TMGRe) to stable from negative, and...
S&P Affirms Tokio Millennium Re ‘AA-‘ Rating, Upgrades Outlook on Guarantee by Parent
Sep 3 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Tokio Millennium Re Ltd. (TMRe) to stable from negative, and affirmed its “AA-” financial strength rating, based on a...
Best, S&P React to Converium’s Review Plan
Sep 2 2004 // A.M. Best Co and Standard & Poor’s both announced rating actions following Converium AG’s announcement that it plans to raise additional capital and will significantly restructure its North American...
S&P Raises HRH Ratings to ‘BB’
Sep 2 2004 // Standard & Poor’s Ratings Services has raised its counterparty credit rating on Virginia-based broker Hilb, Rogal & Hobbs to “BB” from “BB-” with a stable outlook. S&P said the...
S&P Revises Clarendon Outlook to Stable
Aug 26 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Clarendon National Insurance Co. and two of its subsidiaries — Clarendon America Insurance Co. and Redland Insurance Co....
S&P Assigns Austria’s Wiener Städtische ‘A’ Rating
Aug 20 2004 // Standard & Poor’s Ratings announced that it has assigned its ‘A’ long-term counterparty credit and insurer financial strength ratings to Austria-based Wiener Städtische Allgemeine Vers. AG (WS AG)....
Berkley to Offer $150 Million in Senior Notes; S&P Rates Issue ‘BBB’
Aug 20 2004 // W. R. Berkley Corp. announced that it intends to issue $150 million of senior notes due 2019. Standard & Poor’s Ratings Services has assigned the issue its ‘BBB+’ debt rating. Berkley’s...
S&P Report Says Singapore’s Life and Nonlife Insurance Industries Stay Resilient; Outlook Stable
Aug 18 2004 // Standard & Poor’s Ratings Services has issued a new report on Singapore’s insurance industry, which concludes that it is expected to record a satisfactory operating performance, and that the outlook for...
HCC Subs Assigned ‘AA’ Ratings
Aug 16 2004 // Standard & Poor’s Ratings Services assigned its “AA” financial strength ratings to American Contractors Indemnity Co. (ACIC) and HCC Reinsurance Co. Ltd. (HCC Re), both subsidiaries of Houston-based...
S&P Report Warns on California Workers’ Compensation
Aug 16 2004 // Downward pricing pressures threaten to send the California workers’ compensation market into another tailspin, according to a new report from Standard & Poor’s Ratings Services. “The industry has...
S&P Revises Outlook Swedish Club to Positive
Aug 12 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Gothenburg-based marine mutual insurer The Swedish Club to positive from stable. S&P also affirmed its ‘BBB-‘...
S&P Raises Aviva’s French Unit to ‘AA-‘
Aug 12 2004 // Standard & Poor’s Ratings announced that it has raised its long-term counterparty credit and insurer financial strength ratings on non-life French insurer Aviva Assurances S.A. to ‘AA-‘ from...
S&P Lowers Oil Casualty to ‘A-‘
Aug 12 2004 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Oil Casualty Insurance Ltd. (OCIL) to ‘A-‘ from ‘A’, while...
S&P Rates Aspen Holdings ‘BBB’
Aug 10 2004 // Standard & Poor’s Ratings Services announced that it has assigned its ‘BBB’ counterparty credit rating to Bermuda-based Aspen Insurance Holdings Ltd. with a stable outlook. “The rating on Aspen...
