Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
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,...
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 Reports on Latin American Insurers/Reinsurers
Oct 17 2003 // Standard & Poor’s has issued new reports on the Latin American insurance industry, which concludes that the market, while still in a “developing stage,” has strong growth prospects. As far as the...
S&P Affirms Oil Insurance ‘A+’ Ratings
Oct 16 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A+’ long-term counterparty credit and financial strength ratings and its ‘A-‘ subordinated debt rating on Oil...
S&P Affirms Volkswagen Insurance Co. ‘A’ Ratings
Oct 15 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A’ long-term counterparty credit and insurer financial strength ratings on Dublin-based Volkswagen Insurance Co. Ltd. (VICO),...
S&P Assigns ‘A’ Rating to Commerce Group Mass. Subs
Oct 15 2003 // Standard & Poor’s Ratings Services announced that it has assigned its ‘A’ counterparty credit and financial strength ratings with a “stable” outlook to Commerce Insurance Co. (CIC) and...
S&P Notes SCOR Ratings Remain on CreditWatch
Oct 10 2003 // Standard & Poor’s Ratings Services has issued a bulletin noting that its long-term ratings on French reinsurer SCOR and its subsidiaries—”including the ‘BBB+’ counterparty credit and insurer...
S&P Comments on AMP De-merger; Sees No Rating Change
Oct 10 2003 // Standard & Poor’s Ratings Services noted that regulatory authorities have agreed in principle to AMP’s proposed capital structure for its Australian and U.K.-based entities to be created under a de-merger...
S&P Lowers Cooperativa de Seguros to ‘A-‘, Off CreditWatch
Oct 10 2003 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Cooperativa de Seguros Multiples de Puerto Rico to ‘A-‘ from ‘A’...
S&P REPORTS MARINE HULL RATES SET TO PEAK IN 2005
Oct 6 2003 // Standard & Poor’s reported that rates across the global marine hull insurance market look set to peak in 2005, a year later than previously expected. It noted, however, that although this promised a...
S&P Affirms Aviva Canada Subs ‘A’ Ratings
Oct 3 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its counterparty credit and financial strength ratings on the primary operating subsidiaries of Toronto, Ont.-based insurance holding company...
S&P Comments on Safeco Corp. and Subsidiaries
Oct 2 2003 // Standard & Poor’s Ratings Services commented on SAFECO Corp. and its subsidiaries. On Sept. 29, 2003, Standard & Poor’s affirmed its ‘BBB+’ counterparty credit rating on SAFECO Corp. and...
S&P Rates Berkshire Hathaway Finance Corp.
Oct 1 2003 // Standard & Poor’s has assigned its ‘AAA’ senior debt rating to Berkshire Hathaway Finance Corp.’s (BHFC) $1.5 billion private-placement debt securities offering based on a gurantee by the...
S&P Affirms Aviva’s ‘A-‘ Long-term Debt Rating
Oct 1 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A-‘ long-term debt rating on the U.K. insurer Aviva’s £1.6 billion-equivalent ($2.66 billion) junior subordinated bond...
S&P Report Analyzes Impact of 9/11 Ruling on Insurers
Oct 1 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...
S&P Places Kingsway on CreditWatch Negative
Oct 1 2003 // Standard & Poor’s Ratings Services announced that it has placed its counterparty credit and senior unsecured debt ratings on Toronto, Ont.-based Kingsway Financial Services Inc. on CreditWatch with negative...
