Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
Horace Mann’s $10 Million Charge Doesn’t Impact S&P Rating
Aug 8 2003 // Standard & Poor’s Ratings Services said today that Horace Mann Group’s recent announcement that its earnings were affected by a reserve increase of about $10 million in the second quarter of 2003 will have...
S&P Affirms ‘A-‘ Ratings on MMA, Outlook Negative
Aug 4 2003 // Standard & Poor’s Ratings Services said that it had affirmed its ‘A-‘ insurer financial strength and long-term counterparty credit ratings on France-based property-casualty insurer Les Mutuelles du...
AFG Posts $30 Million Q2 Profit
Aug 1 2003 // Cincinnati-based carrier American Financial Group Inc. reported second-quarter net earnings of of $30.5 million (44 cents per share). The results included an after-tax charge of $28.5 million (41 cents per share) for the...
S&P Raises Gerling Allgemeine Rtgs. to BBB-/Watch Positive
Aug 1 2003 // Standard & Poor’s reported it raised to ‘BBB-‘ from ‘BB+’ its long-term counterparty credit and insurer financial strength ratings on Germany-based non-life insurer, Gerling-Konzern...
American Physicians Capital Announces Reaffirmation of ‘A-‘ Rating from S&P
Aug 1 2003 // American Physicians Capital, Inc., a national provider of medical professional liability coverage and workers’ compensation through American Physicians Assurance Corporation and its other subsidiaries, announced that...
S&P Cuts Swiss Reinsurance Co. Ratings to AA
Jul 29 2003 // Standard & Poor’s Ratings Services said it lowered its long-term counterparty credit and insurer financial strength ratings on Zurich-based global reinsurer Swiss Reinsurance Co. and related core subsidiaries of...
S&P Affirms Generali at ‘AA’; Outlook Negative
Jul 28 2003 // Standard & Poor’s has affirmed its ‘AA’ financial strength and long-term counterparty credit ratings on Assicurazioni Generali SpA, the parent and main property-casualty company of the pan-European...
S&P Affms Norwegian Hull Club ‘A’ Ratings
Jul 22 2003 // Standard & Poor’s Ratings Services said it affirmed its ‘A’ long-term counterparty credit and insurer financial strength ratings on Bergen-based mutual marine insurer Norwegian Hull Club (NHC),...
S&P Says Gerling NCM Insurance Group Still on Watch Neg
Jul 22 2003 // Standard & Poor’s Ratings Services commented on the CreditWatch status of Germany-based credit insurance company Gerling NCM Credit and Finance AG (Gerling NCM), reflecting the impact of its new shareholder...
S&P Affirms Progressive, Outlook Stable
Jul 21 2003 // Standard & Poor’s Ratings Services affirmed its “A+” counterparty credit and senior unsecured debt ratings on Progressive Corp. based on Progressive’s excellent business position, very strong...
Sheffield Earns ‘A’ From S&P
Jul 21 2003 // S&P assigned its “A” financial strength rating to Sheffield Insurance Corp., a writer of specialty insurance, based on its integration into the business plan of its parent, experienced management,...
Sheffield Earns ‘A’ From S&P
Jul 21 2003 // S&P assigned its “A” financial strength rating to Sheffield Insurance Corp., a writer of specialty insurance, based on its integration into the business plan of its parent, experienced management,...
S&P Affirms Secura N.V. Ratings
Jul 18 2003 // Standard & Poor’s Ratings Services said it affirmed its ‘A-‘ long-term counterparty credit and insurer financial strength ratings on Belgium-based reinsurer Secura N.V., following a review. The...
S&P Revises Infinity P/C and Subs Outlook to Stable
Jul 18 2003 // Standard & Poor’s Ratings Services said today that it revised its outlook on Birmingham, Ala.-based personal lines writer Infinity Property and Casualty Corp. and Infinity’s insurance subsidiaries to...
S&P Updates Royal SunAlliance USA Group Members
Jul 17 2003 // Standard & Poor’s commented on the members of the Royal SunAlliance USA group (RSA USA): Royal Insurance Co. of America, Royal Indemnity Co., Connecticut Indemnity Co., Security Insurance Co. of Hartford,...
S&P Revises UMS Generali Marine SpA Outlook to Positive
Jul 17 2003 // Standard & Poor’s Ratings Services said it revised its outlook on Italy-based marine insurer UMS Generali Marine SpA (UMS) to positive from stable. At the same time, S&P affirmed its ‘A-‘...
S&P Revises R&SA Entities Outlook to Negative
Jul 9 2003 // Standard & Poor’s Ratings Services announced that it has revised its outlook on various entities of U.K.-based Royal & Sun Alliance Insurance Group PLC to negative from developing. However, S&P...
S&P Revises Mannheimer Leben Rating to ‘R’
Jun 30 2003 // Standard & Poor’s Ratings Services announced that it has revised its public information-based counterparty credit and insurer financial strength ratings on Mannheimer Lebensversicherung AG to ‘R’...
S&P Affirms IAG New Zealand ‘AA’ Ratings
Jun 27 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘AA’ counterparty credit and insurer financial strength ratings on IAG New Zealand Ltd. with a stable outlook. “The rating...
S&P Lowers Atlantic Mutual Ratings to ‘BBB’
Jun 26 2003 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on Atlantic Mutual Insurance Co. (AMIC), Centennial Insurance Co., Atlantic Specialty Insurance Co., and Atlantic Lloyds...
