Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
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...
S&P Comments on Impact of 9/11 Ruling on Insurers
Sep 30 2003 // Standard & Poor’s has issued a bulletin commenting on the recent ruling in favor of Swiss Re and other insurance companies in the case involving claims to be paid for the destruction of the World Trade Center...
S&P, Moody’s Bullish on Lloyd’s
Sep 25 2003 // Standard & Poor’s and Moody’s Investors’ Service both issued favorable comments yesterday on the current prospects at Lloyd’s. The announcements followed a number of first half reports from...
S&P Rates Kingsway Debt ‘BB+’- Affirms Group’s ‘BBB’ Rating
Sep 25 2003 // Standard & Poor’s Ratings Services announced that it has assigned its ‘BB+’ global scale preferred share rating to Kingsway Financial Services’ (KFS) “guarantee of Kingsway Financial...
S&P PUBLISHES ENCOURAGING REPORT ON ASIA-PACIFIC REINSURANCE MARKET
Sep 22 2003 // Standard & Poor’s has published a report on the Asia-Pacific non-life reinsurance market, which indicates that it “is experiencing a period of profitability following a decade of weak results due to under...
Eureko Outlook Revised to Neg
Sep 19 2003 // Standard & Poor’s Ratings Services announced it revised the outlook on all entities of the Netherlands-based Eureko insurance group (Eureko) to negative from stable. At the same time, S&P affirmed its...
