Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P Revises AMP Outlook to ‘Stable’
Apr 21 2004 // Standard & Poor’s Ratings Services announced that it has revised the rating outlook on Australian insurer AMP Ltd.’s key operating subsidiaries and holding company to stable from negative. S&P also...
S&P Announces April 20 Telephone Conference
Apr 20 2004 // Standard & Poor’s Ratings Services announced that it will hold a telephone conference call on Tuesday April 20th, 2004, at 2:00 p.m. UK Time, 3:00 CET and 9:00 EDT to discuss the 2004 outlook for European...
S&P Enhances Criteria to Evaluate Loss Reserves of Global Reinsurers
Apr 16 2004 // Standard & Poor’s has recently enhanced its criteria for evaluating the loss reserves of global reinsurance groups and certain non-U.S. insurance groups writing casualty business, according to a recently...
S&P Report Says Despite 2003 Profitability Global Reinsurance Market’s Poor Outlook Remains Unchanged
Apr 15 2004 // The ratings outlook for the global reinsurance market remains negative, despite an expectation that the market’s 2003 reported financial year-end results will return it to overall underwriting profitability for the...
P/C Net Income Propels Surplus
Apr 14 2004 // The property/casualty insurance industry’s net income after taxes rose to $29.9 billion in 2003 — nearly 10 times the industry’s $3 billion in net income in 2002. Benefiting from both the $29.9 billion in net...
S&P: Alfa Mutual Insurance Co., Affiliates Ratings Lowered, Outlook Stable
Apr 13 2004 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on the members of Alabama-based Alfa Insurance Group (Alfa) to ‘AA-‘ from ‘AA’. Standard &...
S&P Report Warns Calif. Workers’ Compensation More Precarious Now
Apr 12 2004 // The California State Compensation Insurance Fund (SCIF) could be heading toward insolvency, according to a new report from Standard & Poor’s Ratings Services. Recent legislative initiatives in the state threaten...
S&P Sees No Change in Lloyd’s Ratings
Apr 8 2004 // Standard and Poor’s Ratings Services announced that its ‘A’ insurer financial strength rating on Lloyd’s will not be affected by the company’s 2003 pro forma annual accounting result (See IJ...
S&P Affirms Chubb’s ‘A’ & ‘AA’ Ratings
Apr 8 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A’ counterparty credit and senior debt ratings on Warren, N.J.-based Chubb Corp. as well as its ‘AA’ counterparty...
S&P Affirms, Withdraws Atlantic Specialty Ratings
Apr 7 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘BBB’ counterparty credit and financial strength ratings on Atlantic Specialty Insurance Co. (Atlantic Specialty) and removed...
S&P Lowers Travelers Ratings to ‘A+’
Apr 2 2004 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on the members of the Travelers Property Intercompany pool -Travelers Casualty and Surety...
S&P Affirms CNA Insurance (UK) ‘ A-‘ Ratings
Apr 2 2004 // 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 commercial and cargo lines writer CNA...
S&P Revises Nationwide Outlook to Stable
Apr 1 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Nationwide Mutual Insurance Co. (NMIC) and its affiliates (collectively referred to as Nationwide) to stable from...
S&P Raises AXA Insurance (Ireland) to ‘BBB+’
Apr 1 2004 // Standard & Poor’s Ratings Services announced that it has raised its counterparty credit and insurer financial strength ratings on AXA’s Irish subsidiary, AXA Insurance Ltd. (AXA Ireland) to...
S&P Revises Sompo U.S. Outlook to Stable
Mar 31 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Sompo Japan Insurance Co. of America (SJA; A+/Stable/–) to stable from negative. S&P said the “outlook revision...
S&P Affirms AIG’s ‘AAA’ Ratings
Mar 31 2004 // To no one’s surprise Standard & Poor’s Ratings Services announced that it has affirmed its ‘AAA’ counterparty credit rating on American International Group Inc. and similar high ratings on...
S&P Affirms Legal & General’s ‘A’ Debt Rating
Mar 31 2004 // Standard & Poor’s Ratings Services announced that it has “affirmed its ‘A’ long-term junior subordinated debt rating on U.K.-based Legal & General Group PLC’s (L&G; AA-/Stable/A-1+)...
S&P Upgrades NZ Insurer Promina Outlook to Positive
Mar 29 2004 // Standard & Poor’s Ratings Services announced that it has revised the rating outlook on Promina Group Ltd. to positive from stable, and affirmed the holding company’s “A-” long-term counterparty...
Progressive Named Top S&P 500 Performer
Mar 28 2004 // Mayfield Village, Ohio-based vehicle insurer Progressive Corp. was selected as the top performing company in the S&P 500, according to the eighth annual analysis by Business Week magazine. Last year, Progressive was...
S&P Assigns ‘A+’ rating to RAM Holdings Debt
Mar 26 2004 // Standard & Poor’s Ratings Services announced that it has assigned an “A”+” rating to RAM Holdings Ltd.’s (RAM Holdings) $40 million debt offering. S&P explained that the...
