Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P Gives Italian Insurance Market a Stable Outlook, Cites Good Fundamentals
Nov 19 2003 // A recently published report from Standard & Poor’s Ratings Services notes that it has revised its outlook for the Italian insurance market to stable from negative, citing good business fundamentals in both the...
S&P Affirms Talanx ‘AA-‘ Ratings
Nov 19 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘AA-‘ long-term counterparty credit and insurer financial strength ratings on the core members of Germany’s Talanx primary...
Cincinnati Ins. Co. Affirmed, Outlook Neg.
Nov 17 2003 // Standard & Poor’s (S&P) Ratings Services revised its outlook on Cincinnati Insurance Co., Cincinnati Casualty Co., and Cincinnati Indemnity Co., which are Cincinnati Financial Corp.’s (CFC) P/C...
S&P Comments on Calif. Wildfire Aftermath
Nov 12 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 &...
S&P: European Sector Strong Despite Negative Trends
Nov 10 2003 // Rating outlooks across the European insurance and reinsurance markets remain negative despite positive trends emerging in some sectors, Standard & Poor’s Ratings Services said in a report. “Although...
Marsh & McLennan Cos. Outlook Revised to Negative; Ratings Affirmed
Nov 5 2003 // Standard & Poor’s Rating Services reported that it revised its outlook on Marsh & McLennan Cos. (MMC) to negative from stable and affirmed its ‘AA-/A-1+’ counterparty credit rating on the...
S&P Affirms Russia’s Country Ratings, “Despite Political Turmoil over Yukos Affair “
Nov 5 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘BB’ long-term foreign and ‘BB+’ long-term local currency sovereign credit ratings on the Russian Federation, as well...
‘A’ FSR to Commerce Group Mass. Subs
Nov 3 2003 // Standard & Poor’s (S&P) Ratings Services assigned its “A” counterparty credit and financial strength ratings with a “stable” outlook to Commerce Insurance Co. (CIC) and Citation...
The Reinsurance World 2003 – Capacity, Profitability and ‘The Cycle’
Nov 3 2003 // A year ago the reinsurance world had an optimistic side most companies had survived their exposures to 9/11 and premiums were rising. A pessimistic side reflected a 25 percent decline in capacity, thus limiting new...
The Reinsurance World 2003 – Capacity, Profitability and ‘The Cycle’
Nov 3 2003 // A year ago the reinsurance world had an optimistic side most companies had survived their exposures to 9/11 and premiums were rising. A pessimistic side reflected a 25 percent decline in capacity, thus limiting new...
S&P Affirms Hannover Re Bermuda ‘AA-‘ Ratings
Oct 30 2003 // Standard & Poor’s Ratings Services announced that it has affirmed the ‘AA-‘ counterparty credit and financial strength ratings on property/casualty insurer Hannover Re (Bermuda) Ltd. (HRB), with a...
S&P Says Montpelier Re’s Lower Premium Estimates Won’t Affect Ratings
Oct 30 2003 // Commenting on Montpelier Re Holdings Ltd.’s earnings announcement, Standard & Poor’s Ratings Services indicated that the lowered premium income expectations for 2003 would not have an adverse affect on the...
S&P Rates Russian Insurer Neftepolis ‘B-‘
Oct 29 2003 // Standard & Poor’s Ratings Services announced that it has assigned its ‘B-‘ long-term counterparty credit and insurer financial strength ratings to Russian insurer oOo Strakhovaya Kompaniya...
S&P Revises Ukraine Country Rating Outlook to Positive
Oct 29 2003 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Ukraine to positive from stable, and has affirmed the ‘B’ long-term and ‘B’ short-term ratings on the...
S&P Affirms Markel Corp. Ratings; Revises Outlook to Stable
Oct 24 2003 // Standard & Poor’s Ratings Services announced that it has affirmed the BBB- counterparty credit rating BBB- senior unsecured debt rating and BB preferred stock rating on Markel Corp. (MKL), but has revised its...
S&P Lowers Unipol’s Ratings to ‘A-‘
Oct 23 2003 // Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on Italy’s Compagnia Assicuratrice Unipol SpA. (Unipol) to...
S&P Raises Hiscox Insurance to ‘A-‘
Oct 22 2003 // Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on U.K.-based non-life insurer Hiscox Insurance Co. Ltd. (HISCO) to...
Commentary on First Half 2003 Results
Oct 20 2003 // The property/casualty insurance industry reported a statutory rate of return of 9.7 percent in the first half of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in 2001....
S&P REPORT ANALYZES IMPACT OF 9/11 RULING ON INSURERS:
Oct 20 2003 // A recent court ruling deemed the World Trade Center attacks to be a single event for insurance purposes, which is good news for insurers on the heels of some bad news: an earlier ruling allowing lawsuits to proceed against...
Safeco and Subs Affirmed
Oct 20 2003 // S&P affirmed its “BBB+” counterparty credit rating on Safeco Corp. and its “A+” counterparty credit and financial strength ratings on the members of the Safeco Insurance Co. Intercompany Pool,...
