Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
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...
S&P Affirms ‘BBBpi’ Ratings of New York Central Mutual Fire Insurance Co.
Nov 26 2003 // Standard & Poor’s Ratings Services announced that it has affirmed New York Central Mutual Fire Insurance Co.’s (NYCM) ‘BBBpi’ counterparty credit and financial strength ratings. The...
S&P Lowers PMA Capital Rating to ‘BB’ Sr. Debt to ‘B’ – Company Responds
Nov 25 2003 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and senior debt ratings on PMA Capital Corp. (PMACA) to ‘B’ from ‘BB-.’ It also said it has...
