Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P’s Report Looks at Changes to U.S. P/C Capital Model
Mar 31 2003 // Standard & Poor’s has published an article that explains the various criteria changes it has made to its U.S. property/casualty insurance risk-based capital model. The changes include a deduction of goodwill...
S&P’s Lowers American Re-Insurance Rating
Mar 28 2003 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on American Re-Insurance Co. and American Alternative Insurance Corp. (collectively referred to as American Re) to...
S&P Cuts Munich Re and Core Subsidiaries to ‘AA-‘
Mar 28 2003 // Standard & Poor’s Ratings Services announced that it has it lowered its long-term ratings, including its counterparty credit and insurer financial strength ratings, on Germany’s Munich Reinsurance Co....
Hannover Re Responds to Downgrade by Moody’s
Mar 28 2003 // Germany’s Hannover Re has issued a statement commenting on the actions taken by Moody’s Investors Service this week in downgrading the reinsurer’s financial strength rating from “A2” to...
S&P’s Lowers Kemper Cos. Ratings; Keeps on Watch Negative
Mar 27 2003 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on the members of the Kemper Insurance Cos. Intercompany Pool (Kemper pool) to ‘B-‘ from ‘B+’. In...
S&P’s Takes Chubb Ratings Off Watch, Lowers Them
Mar 26 2003 // Standard & Poor’s has removed from CreditWatch its long-term counterparty credit and senior debt ratings on Chubb Corp. and lowered them to ‘A’ from ‘A+’ because it does not believe that...
S&P’s Affirms Horace Mann Educator Corp. ‘BBB+’ Rating
Mar 25 2003 // Standard & Poor’s Ratings Services said today that it affirmed its “BBB+” counterparty credit rating on Illinois-based Horace Mann Educator Corp. based on its strong financial position and the...
S&P Affirms Le Mans Re ‘A+’ Ratings
Mar 25 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A+’ long-term counterparty credit and insurer financial strength ratings on Le Mans Re with a “stable” outlook,...
S&P Affirms AIG’s ‘AAA’ Ratings
Mar 25 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘AAA’ ratings on American International Group Inc. and various AIG operating companies. S&P reaffirmed the increasingly rare...
ACE Comments on S&P Rating Reaffirmation
Mar 24 2003 // Bermuda’s ACE Limited announced today that Standard & Poor’s has reaffirmed its ‘A’ plus financial strength and counterparty credit rating, as well as the ratings of its insurance subsidiaries,...
S&P’s Article Discusses Insurer Credit, Liquidity Support
Mar 19 2003 // Standard & Poor’s has published an article that explains the rating criteria for credit and liquidity support provided by insurers. Capital-markets transactions are often supported by credit or liquidity...
S&P’s Assigns Washington Casualty Co. ‘R’ FSR
Mar 14 2003 // Standard & Poor’s has assigned its ‘R’ financial strength rating to Washington Casualty Co. upon its placement into receivership by Thurston County Superior Court. “This rating action follows...
S&P’s Withdraws Trio of RSA Affiliate Ratings
Mar 13 2003 // Standard & Poor’s has removed its ‘BBB+’ counterparty credit and financial strength ratings on Employee Benefits Insurance Co., Design Professional Insurance Co., and EBI Indemnity Co., which are...
S&P Indicates No Rating Changes After R&SA Earnings Report
Mar 10 2003 // Standard & Poor’s Ratings Services issued a statement that Royal & Sun Alliance Insurance PLC’s recent earnings announcement, which stated that its operating companies’ statutory surplus has...
Allianz Comments on S&P’s “A+” Ratings for its Marine and Aviation Unit
Mar 10 2003 // Standard & Poor’s recently announced that Allianz Marine & Aviation, the transport and aviation insurer of the Allianz Group, has been rated “A+” with a stable outlook, drawing this comment from...
S&P’s Rates South China Insurance ‘BBB’; Outlook Stable
Mar 7 2003 // Standard & Poor’s has assigned its ‘BBB’ insurer financial strength and counterparty credit ratings to South China Insurance Co. Ltd. The outlook on the counterparty rating is stable. The ratings...
S&P’s Affirms DaVinci Re ‘A’ Ratings; Outlook Stable
Mar 6 2003 // Standard & Poor’s has affirmed its ‘A’ counterparty credit and financial strength ratings on DaVinci Reinsurance Ltd. (DaVinci) based on the new company’s very strong operating performance,...
S&P’s Cuts National Heritage Ins Co.
Mar 3 2003 // Standard & Poor’s Ratings Services said today that it lowered its counterparty credit and insurer financial strength ratings on National Heritage Insurance Co. (TX) (National Heritage TX) to “Bpi”...
S&P’s Lowers Associated Industries to ‘Bpi’
Mar 3 2003 // Standard & Poor’s Ratings Services lowered its counterparty credit and financial strength ratings on Boca Raton, Fla.-based Associated Industries Insurance Co. (AII) to “Bpi” from...
S&P’s Report Looks at Multiline Insurers, Guaranties
Feb 28 2003 // Standard & Poor’s has published a report that examines multiline insurers’ willingness to pay financial guaranty claims in a timely fashion. “Events over the past year starkly reinforce the need for...
