Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
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...
Navigators Affirmed
Aug 9 2004 // S&P affirmed its “A” counterparty credit and financial strength ratings on Navigators Insurance Co. and NIC Insurance Co. (collectively referred to as Navigators), with a negative outlook. According to...
Converium AG and Subs Ratings Lowered
Jul 20 2004 // Standard & Poor’s Ratings Services reported that it lowered its long-term counterparty credit and insurer financial strength ratings on Switzerland-based reinsurer Converium AG and its main operating...
S&P: Mercury Casualty Co., Affiliates Ratings Affirmed
Jul 13 2004 // Standard & Poor’s has affirmed its ‘AA’ counterparty credit and financial strength ratings on Mercury Casualty Co. and Mercury Insurance Co. as well as its ‘AA’ financial strength rating...
S&P Affirms Navigators ‘A’ Rating
Jul 9 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A’ counterparty credit and financial strength ratings on Navigators Insurance Co. and NIC Insurance Co. (collectively referred...
S&P Sees No Change in Odyssey Re Ratings
Jul 8 2004 // Standard & Poor’s Ratings Services announced that its ratings on Odyssey Re Holdings Corp. (ORH) and related subsidiaries, will not be affected by the recent announcement of ORH’s proposed acquisition of...
