Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P affirms Oil Insurance Ltd., ‘A+’ Ratings
Aug 13 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A+’ counterparty credit and financial strength ratings on Oil Insurance Ltd. (OIL) with a negative outlook, and has removed them...
S&P Publishes Industry Report Card on Reinsurers
Aug 11 2003 // Standard & Poor’s has published an industry report card on North American reinsurers. Continued rate increases in the global reinsurance market have failed to stem the downward pressure on ratings, and Standard...
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’...
