Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P Lowers Allianz Canada Ratings to ‘BBB+’
Dec 10 2003 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Allianz Insurance Co of Canada and Trafalgar Insurance Co. of Canada (collectively...
Atlantic Mutual Cos. Ratings Fall on CreditWatch
Dec 10 2003 // Standard & Poor’s has placed its ‘BBB’ counterparty credit and financial strength ratings on Atlantic Mutual Insurance Co., Centennial Insurance Co., and Atlantic Lloyds Insurance Co. of Texas...
S&P Affirms Fireman’s Fund Insurance Company
Dec 4 2003 // Standard & Poor’s Ratings Services said it affirmed its ‘A+’ counterparty and financial strength ratings on Novato, Calif.-based Fireman’s Fund Insurance Co. (Fireman’s) and related...
S&P Raises SCOR’s Ratings to ‘BBB+’ – Best Changes Outlook
Dec 3 2003 // Both A.M. Best Co. and Standard & Poor’s Ratings Services reacted positively to the news from France’s SCOR Group that it plans to raise an additional 750 million euros ($896 million) through a rights...
S&P Rates Commerce Group and Proposed Senior Notes ‘BBB’
Dec 3 2003 // Standard & Poor’s Ratings Services announced that it has assigned its ‘BBB’ counterparty credit rating to The Commerce Group, Inc. and its ‘BBB’ senior debt rating to CGI’s proposed...
S&P Assigns Liberty Insurance Holdings Intercompany Pool Members ‘A’ Rating
Dec 2 2003 // Standard & Poor’s has assigned its ‘A’ counterparty credit and financial strength ratings to the nine companies that constitute the Liberty Insurance Holdings Intercompany Pool (LIH Pool, formerly...
S&P Affirms Associated Industries Insurance Co.’s ‘Bpi’ Ratings
Dec 1 2003 // Standard & Poor’s has affirmed its ‘Bpi’ counterparty credit and financial strength ratings on Florida-based Associated Industries Insurance Co. (AIIC). The ratings reflect the company’s...
S&P Raises Outlook on Nisshin Fire Ratings to Stable
Dec 1 2003 // Standard & Poor’s Ratings Services announced that it has revised its ratings outlook on Japan’s Nisshin Fire & Marine Insurance Co. Ltd. to stable from negative. S&P also affirmed the...
S&P Affirms Canal Insurance Co./Canal Indemnity Co. ‘Api’ Rating
Dec 1 2003 // Standard & Poor’s Ratings Services affirmed its ‘Api’ counterparty credit and financial strength ratings on Canal Insurance Co. and its wholly owned and reinsured subsidiary Canal Indemnity Co. The...
S&P COMMENTS ON CALIF. WILDFIRE AFTERMATH:
Dec 1 2003 // The biggest wildfire in U.S. insurance history will neither undermine insurance ratings nor prompt a pricing surge in homeowners’ coverage in the state, according to the most recent research by Standard &...
CNA Benefits Sale Doesn’t Affect S&P Rating
Dec 1 2003 // Standard & Poor’s Ratings Services said Chicago-based commercial lines insurer CNA Financial Corp.’s sale of its group benefits business to Hartford Financial Services Group Inc. was expected and will have...
S&P Affirms ‘BBpi’ Rating for American Mining Insurance Co.
Nov 28 2003 // Standard & Poor’s affirmed its ‘BBpi’ counterparty credit and financial strength ratings on Alabama-based American Mining Insurance Co. Inc. The ratings reflect the company’s weak operating...
S&P Affirms Pioneer State Mutual Insurance Co.’s ‘BBBpi’ Ratings
Nov 28 2003 // Standard & Poor’s has affirmed its ‘BBBpi’ financial strength rating on Pioneer State Mutual Insurance Co. based on the company’s extremely strong capitalization, good operating performance,...
S&P Lowers Attorneys’ Liability Assurance Ratings to ‘AA-‘
Nov 28 2003 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Bermuda-based Attorneys’ Liability Assurance Society Ltd. (ALAS) and...
S&P Says Montpelier Re Dividend Program To Have No Effect on Ratings
Nov 28 2003 // Standard & Poor’s Ratings Services has issued a statement indicating that the recent decision by Bermuda-based Montpelier Re Holdings (MRH) that it will begin a dividend-paying program of $24 million per quarter...
S&P Affirms Pennsylvania National Mutual Casualty ‘BBBpi’ Ratings
Nov 28 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘BBBpi’ counterparty credit and financial strength ratings on Pennsylvania National Mutual Casualty Insurance Co. and its wholly...
S&P Affirms American Compensation Insurance Co.’s ‘Bpi’ Rating
Nov 26 2003 // Standard & Poor’s has affirmed its ‘Bpi’ counterparty credit and financial strength ratings on Minnesota-based American Compensation Insurance Co. (American Compensation). The ratings reflect its...
S&P Affirms ‘BBBpi’ Rating for Maine Employers Mutual Insurance Co.
Nov 26 2003 // Standard & Poor’s has affirmed its ‘BBBpi’ counterparty credit and financial strength ratings on Maine Employers Mutual Insurance Co. The ratings reflect its extremely strong capitalization, strong...
S&P Comment on Japanese P/C 1st Half Results – Profitability Still in Question
Nov 26 2003 // Standard & Poor’s Ratings Services has issued a comment on the Japanese P/C sector, indicating that “a recovery in bottom-line profits recorded by all 10 major Japanese non-life insurers for the first half...
S&P Revises Skandia Outlook to Negative
Nov 26 2003 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Sweden’s long-term savings provider Skandia Insurance Co. Ltd. (Skandia) to negative from stable. S&P also affirmed ithe...
