Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P’s Revises GE P/C Companies Outlook to Negative; Ratings Affirmed
Jun 2 2003 // Standard & Poor’s has revised its outlook on GE Property & Casualty Insurance Co., GE Casualty Insurance Co., GE Auto & Home Assurance Co., and GE Indemnity Insurance Co. (collectively referred to as...
S&P Says Global Reinsurance Outlook “Remains Negative”
May 30 2003 // In a report published this week Standard & Poor’s said that, “continued rate increases in the global reinsurance market have failed to stem the downward pressure on ratings and the market outlook remains...
S&P Affirms Italy’s SIAT ‘BBB’ Ratings
May 29 2003 // Standard & Poor’s Ratings Services announced that, following a review, it has affirmed its ‘BBB-‘ long-term counterparty credit and insurer financial strength ratings on Italian marine insurer SIAT...
S&P Assigns ‘A’ Rating to Stein Insurance Co. “Jersey”
May 27 2003 // Standard & Poor’s Ratings Services announced that it has assigned its ‘A’ insurer financial strength and counterparty credit ratings to Stein Insurance Co. (Jersey) Ltd., a Channel Islands-based...
S&P Affirms Spanish Insurer FREMAP ‘AA’ Ratings
May 22 2003 // Standard & Poor’s announced that, following a review of the company, it has affirmed its ‘AA’ long-term counterparty credit and insurer financial strength ratings on Spanish social security mutual...
S&P’s Cuts Harleysville Group Inc.’s Ratings
May 21 2003 // Standard & Poor’s Ratings Services said that it lowered its counterparty credit and senior debt rating on Pennsylvania-based Harleysville Group Inc. to ‘BBB’ from ‘BBB+’. The outlook is...
S&P Maintains CreditWatch on Australia/NZ Tower Ltd. Group
May 21 2003 // Standard & Poor’s Ratings Services announced that it is maintaining its CreditWatch with negative implications on various Australian and New Zealand subsidiaries of Tower Ltd. “following the profit warning...
S&P Issues Report on European Insurance Sector
May 20 2003 // Standard & Poor’s Ratings Services has issued a report based on its analysis of 34 “debt-issuing insurers,” which concludes that “despite signs of greater stability in the European insurance...
S&P Affirms XL Capital Senior Debt Rating
May 20 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A+’ counterparty credit, ‘A+’ senior debt, and ‘A-‘ preferred stock ratings on XL Capital Ltd. (XLC),...
The Ratings Game
May 19 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 Launches “Inside View”, New Guide to Insurer Ratings
May 16 2003 // Standard & Poor’s London office announced the first issue of a new publication, “Inside View,” a series of guides providing insight into the insurance ratings business. “With global insurance...
S&P’s Withdraws Markel Corp. Units Ratings
May 14 2003 // Standard & Poor’s has affirmed its ‘A-‘ counterparty credit and financial strength ratings on Markel Corp.’s U.S. insurance subsidiaries and its ‘BBB-‘ counterparty credit and...
S&P Lowers AMP Ratings, Assigns “Negative Outlook”
May 14 2003 // Standard & Poor’s Ratings Services announced that it has lowered the insurer financial strength and counterparty credit ratings on AMP Life Ltd. to ‘A+’ from ‘AA-‘, and has also lowered...
S&P Raises Tugu Insurance to ‘Bpi’ from ‘CCCpi’
May 14 2003 // Standard & Poor’s Ratings Services announced that it has raised its public information insurer financial strength rating on Hong Kong-based Tugu Insurance Co. Ltd. (Tugu Insurance) to ‘Bpi’ from...
S&P Comments on R&SA Capital Raising
May 13 2003 // Standard & Poor’s issued a statement following the successful initial public offering of shares in Promina Group Ltd., the Australian and New Zealand operations of the U.K.’s Royal & Sun Alliance...
S&P’s Hosts 18th Annual Conference June 1-3
May 13 2003 // Unprecedented challenges facing the U.S. insurance industry in the past year, including asbestos claims and lawsuits, terrorism, a weak economy, and a continuing weak investment markets, have many insurance executives...
S&P Affirms White Mountains ‘BBB-‘ Ratings
May 9 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘BBB-‘ counterparty credit rating on White Mountains Insurance Group Ltd. (WTM) and its ‘BBB-‘ counterparty credit...
S&P Affirms American National ‘AA’ Ratings
May 8 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘AA’ counterparty credit and financial strength ratings on American National Insurance Co., “based on the company’s...
S&P Places AMP Ratings on CreditWatch Negative
May 1 2003 // Standard & Poor’s Ratings Services announced that it has placed the ‘AA-‘ insurer financial strength and counterparty credit ratings on AMP Life Ltd., the Australian operating subsidiary of AMP Ltd....
S&P’s Affirms Ohio Casualty ‘BBB’ Ratings
May 1 2003 // Standard & Poor’s Ratings Services said today that it affirmed its “BBB” counterparty credit and financial strength ratings on American Fire & Casualty Co., Ohio Casualty Insurance Co., Ohio...
