Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P’s Report Examines Insurers’ Recent D&O Woes
Feb 27 2003 // Reportedly barring a divine mission to overhaul human nature, corporate folly and wrongdoing will remain a fact of life, but the toll on insurers has intensified sharply, according to a report just published by Standard...
S&P’s Report Examines U.S. Insurer Failures for 2002
Feb 25 2003 // Standard & Poor’s has published a report that examines failures among U.S. insurers in 2002. “Despite the hardening pricing environment in property/casualty and health insurance lines, the number of U.S....
S&P’s Lowers then Withdraws Various Public Info Ratings
Feb 24 2003 // Standard & Poor’s has withdrawn its public information (pi) counterparty credit and financial strength ratings on various insurance companies because of a decision to refocus analytical research...
S&P Cuts Kentucky Farm Bureau Mutual Ratings
Feb 24 2003 // Standard & Poor’s Ratings Services said lowered its counterparty credit and financial strength ratings on Kentucky Farm Bureau Mutual Insurance Co. (Kentucky Farm Bureau) to “Api” from...
ACE Ltd. on CreditWatch Neg
Feb 24 2003 // S&P’s placed its “A-/A-2” counterparty credit rating on ACE Ltd. on CreditWatch with negative implications due to ACE’s announcement that it will strengthen its asbestos reserves by $2.18...
S&P’s Assigns ‘A-‘ Rating to AA Insurance
Feb 19 2003 // Standard & Poor’s has assigned its ‘A-‘ insurer financial strength rating on New Zealand-based AA Insurance Ltd. (AAIL). The rating reflects the company’s core status in the Royal & Sun...
S&P’s Upgrades Hyundai Marine, Oriental Fire to ‘BBpi’
Feb 18 2003 // Standard & Poor’s has raised its ratings based on public information on Hyundai Marine & Fire Insurance Co. Ltd. and Oriental Fire & Marine Insurance Co. Ltd. to ‘BBpi’ from...
S&P’s Affirms Employers Re Corp. Ratings, Off Watch; Outlook Negative
Feb 18 2003 // Standard & Poor’s has affirmed its ‘AA-‘ counterparty credit and financial strength ratings on Employers Reinsurance Corp. (www.ge.com) and its wholly owned subsidiaries. Standard & Poor’s...
S&P’s Places Kemper ‘BB+’ Ratings on CreditWatch Neg
Feb 18 2003 // Standard & Poor’s has placed its ‘BB+’ counterparty credit and financial strength ratings on the members of the Kemper Insurance Cos. Intercompany Pool on CreditWatch with negative implications...
S&P Lowers CNA Surety Ratings, Sees Growth for P/C Companies
Feb 13 2003 // The Standard & Poor’s ratings of CNA Surety Corp. subsidiaries Western Surety Co. and Universal Surety of America have been lowered from ‘A’ to ‘A-.’ In addition, Standard &...
S&P’s Article Discusses Country Risk on Insurer Rtgs.
Feb 12 2003 // A criteria article published Tuesday details how Standard & Poor’s has revised its definition of insurer financial strength ratings to explicitly incorporate the potential for direct sovereign risk. Previously...
S&P Lowers AXA Group Ratings to ‘AA-‘
Feb 12 2003 // Standard & Poor’s Ratings Services announced that it has lowered all insurer financial strength and counterparty credit ratings on the core operating companies of France’s AXA group to ‘AA-‘...
S&P Removes AMP from CreditWatch; Lowers Ratings of U.K. Units
Feb 12 2003 // Standard & Poor’s Ratings Services announced that Australia’s AMP Life Ltd. has been removed from CreditWatch and that its ‘AA-‘ ratings have been affirmed with a negative outlook. S&P...
S&P Removes ACE Ltd. Short-term Debt Ratings from CreditWatch
Feb 10 2003 // Standard & Poor’s Ratings Services announced that it has “removed from CreditWatch and affirmed its ‘A-2’ short-term counterparty credit and commercial paper ratings on ACE Ltd. because the...
S&P Affirms Eureko’s ‘A+’ Ratings; Off CreditWatch
Feb 7 2003 // Standard & Poor’s Ratings Services announced that it has removed from CreditWatch and affirmed its ‘A+’ long-term counterparty credit and insurer financial strength ratings on the core operating...
S&P Reiterates Concerns on Gerling
Feb 7 2003 // Standard & Poor’s Ratings Services restated its position that its ‘BBB’ long-term counterparty credit and insurer financial strength ratings on Gerling-Konzern Allgemeine Versicherungs-AG (GKA) and...
S&P’s Revises Zenith National Insurance Corp Outlook
Feb 6 2003 // Standard & Poor’s Ratings Services said that it revised its outlook on Zenith National Insurance Corp. and its subsidiaries to negative from stable after Zenith’s announcement on Jan. 20, 2003, that it has...
S&P Affirms Axis Specialty ‘A’ Ratings
Feb 4 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A’ counterparty credit and financial strength ratings of Bermuda-based Axis Specialty Ltd. and its ‘A’ financial...
S&P, Moody’s Lower Trenwick Group’s Ratings
Feb 3 2003 // Both Standard & Poor’s Ratings Services and Moody’s Investors Service announced that they have lowered their ratings on the Bermuda-based Trenwick Group Ltd. and its subsidiaries, following the...
S&P’s Rates Two SAFECO Senior Note Issuances ‘BBB+’
Jan 31 2003 // Standard & Poor’s Ratings Services said that it assigned its ‘BBB+’ senior debt ratings to SAFECO Corp.’s (SAFECO) recently issued $200 million 4.20 percent senior notes due 2008 and $300...
