Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
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...
Court Decision Clears the Way for Gerling to Sell GKG; S&P Comments
Jun 25 2003 // Germany’s Gerling Group announced that the Hessen Higher Administrative Court in Kassel has dismissed an appeal by BaFin, the German financial supervisory authority, from an earlier decision by the Frankfurt...
S&P Affirms ‘A’ Rating of Winterthur Swiss Insurance
Jun 25 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A’ long-term counterparty credit and insurer financial strength ratings on Switzerland-based Winterthur Swiss Insurance Co, with...
S&P Affirms Trenwick Group’s units ‘CCC’ Ratings
Jun 25 2003 // Standard & Poor’s Ratings Services announced that it has removed from CreditWatch and affirmed its ‘CCC’ counterparty credit and financial strength ratings on Trenwick Group Ltd.’s operating...
S&P Lowers Aviva’s Canadian Subs to ‘A’
Jun 24 2003 // Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit and financial strength ratings on the primary operating subsidiaries of Toronto, Ontario-based Aviva Canada Inc....
S&P: Commercial Lines Outlook Still Negative
Jun 23 2003 // NEW YORK – Two years into the hardest market in decades, the insurance business is still paying the price for the “irrational exuberance” of its recent years, in the words of Robert Partridge, a Managing...
S&P: Commercial Lines Outlook Still Negative
Jun 23 2003 // Two years into the hardest market in decades, the insurance business is still paying the price for the “irrational exuberance” of its recent years, in the words of Robert Partridge, a managing director at...
S&P Comments on Munich Re Group’s Q1 2003 Results
Jun 19 2003 // Standard & Poor’s Ratings Services issued an announcement indicating that Munich Re’s first quarter results and those of its subsidiary companies are “broadly in line” with its...
S&P Affirms State Farm Group Members Rtgs; Outlook Stable
Jun 19 2003 // Standard & Poor’s has affirmed its ‘AA’ counterparty credit and financial strength ratings on State Farm Mutual Automobile Insurance Co. (SFMA) and five other interactively rated members of the State...
S&P Report Finds French Market is ‘Stable’
Jun 18 2003 // A report on the French insurance market released by Standard & Poor’s Ratings Services calls the outlook in both the life and P/C sectors “stable.” S&P had previously classed the P/C...
S&P’s Cuts Lumbermens Mutual Casualty Rating to ‘D’
Jun 11 2003 // Standard & Poor’s Ratings Services has revised its ratings on beleaguered Lumbermens Mutual Casualty Co.’s $100 million 8.45 percent surplus notes due Dec. 1, 2097, and the $200 million 8.3 percent surplus...
Axis Readies IPO; S&P Affirms ‘A’ Ratings
Jun 11 2003 // As Bermuda-based Axis Capital Holdings Ltd. readies the launch of an initial public share offering (it originally filed a Registration Statement with the SEC last March), Standard & Poor’s Ratings Services...
S&P Puts Cooperativa, R&SA (Puerto Rico) on CreditWatch
Jun 11 2003 // Standard & Poor’s Ratings Services announced that it has placed its ‘A’ counterparty credit and financial strength ratings on Cooperativa de Seguros Multiples of Puerto Rico (Cooperativa) on...
S&P Lowers and Withdraws Worldwide Insurance Co. Ratings
Jun 11 2003 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Worldwide Insurance Co. and its subsidiary, Worldwide Direct Auto Insurance Co....
S&P’s Cuts Liberty Mutual
Jun 9 2003 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on Boston-based Liberty Mutual Insurance Co. and related entities to “A” from “A+” and removed them from...
Ace Affirmed, Outlook Neg.
Jun 9 2003 // S&P’s has assigned its “BBB-” preferred stock rating to Ace Ltd.’s $500 million ($575 million if over-allotment exercised) 7.80 percent cumulative redeemable preferred shares, Series C...
The Ratings Game
Jun 9 2003 // Every day, agents and brokers use financial strength ratings of insurers in their business. A carrier’s ratings may affect an agent’s ability to place risks with that insurer, or the client’s willingness...
S&P’s Cuts Liberty Mutual
Jun 9 2003 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on Boston-based Liberty Mutual Insurance Co. and related entities to “A” from “A+” and removed them from...
Ace Affirmed, Outlook Neg.
Jun 9 2003 // S&P’s assigned its “BBB-” preferred stock rating to Ace Ltd.’s $500 million, 7.80 percent cumulative redeemable preferred shares, Series C offering. Ace may redeem these shares any time after...
