Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P Affirms If P&C Insurance Group ‘A-‘ Ratings
Nov 28 2002 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A-‘ long-term counterparty credit and insurer financial strength ratings on the Swedish insurer If Property & Casualty...
S&P’s Takes off Watch, Lowers Hartford Financial Services Ratings
Nov 28 2002 // Standard & Poor’s has removed from CreditWatch its counterparty credit rating on The Hartford Financial Services Group Inc. and lowered it to ‘A-‘ from ‘A’ because of concerns about...
S&P, Moody’s Downgrade American Growers, Acceptance
Nov 27 2002 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on American Growers Insurance Co. (AGIC) to ‘R’ from ‘CC’, and...
S&P’s Assigns HIH America Insurance Co. Hawaii ‘R’ Rating
Nov 26 2002 // Standard & Poor’s Ratings Services said that it has assigned its ‘R’ financial strength rating to HIH America Insurance Co. of Hawaii Inc. (HIH Hawaii) because of the company’s insolvency and...
S&P Lowers American Re Ratings to ‘AA-‘
Nov 26 2002 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on American Re-Insurance Co. and American Alternative Insurance Corp. (together American...
S&P’s: Little Ratings Cheer for Insurers in Terror Law
Nov 26 2002 // The newly mandated adoption of terrorism risk by commercial property/casualty insurers in the U.S. casts a shadow on ratings prospects, compounding Standard & Poor’s negative outlook on the industry, according...
S&P Says Japanese Non-Life Insurers’ Mid-term Results in Expected Range
Nov 25 2002 // Standard & Poor’s announced that the mid-term financial results for Japan’s major non-life insurance companies were within expectations and would not immediately affect its ratings on the...
S&P Lowers Casualty Reciprocal Exchange Ratings to ‘CCCpi’
Nov 25 2002 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Kansas City-based Casualty Reciprocal Exchange (CRE) to ‘CCCpi’ from...
Gerling Global – Going, Going, Gone
Nov 25 2002 // Asbestos, the weak equity markets and Sept. 11 have indirectly claimed another victim. Gerling-Konzern Globale Ruckversicherungs—AG (GKG), the reinsurance arm of Germany’s Gerling Group, announced at the end of...
Gerling Global – Going, Going, Gone
Nov 25 2002 // Asbestos, the weak equity markets and Sept. 11 have indirectly claimed another victim. Gerling-Konzern Globale Ruckversicherungs—AG (GKG), the reinsurance arm of Germany’s Gerling Group, announced at the end of...
R&SA Affirmed and Lowered
Nov 25 2002 // A.M. Best Co. affirmed its “A-” (Excellent) FSR of The Royal & SunAlliance USA Insurance Pool (pool) and said the outlook remains negative. Meanwhile, S&P lowered its long-term counterparty credit...
S&P’s Affirms CIC
Nov 25 2002 // S&P’s affirmed its “AA-” counterparty credit ratings and FSR on The Cincinnati Insurance Co., The Cincinnati Life Insurance Co., The Cincinnati Casualty Co., and The Cincinnati Indemnity Co....
S&P’s Lowers Reciprocal of America Ratings to ‘Bpi’
Nov 22 2002 // Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on Reciprocal of America to ‘Bpi’ from ‘BBBpi’ based on deteriorating operating...
Acceptance to Receive $21.5 Million for Crop Insurance, S&P Lowers Ratings
Nov 20 2002 // Acceptance Insurance Companies Inc. (AICI) gave further details of its preliminary agreement with Rain and Hail L.L.C. and others, to sell its crop insurance assets. If the deal is concluded and approved by regulators,...
S&P Affirms Employers Mutual Casualty Co ‘BBBpi’ Ratings
Nov 20 2002 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘BBBpi’ (the ‘pi’ indicates the ratings are based on “public information”) counterparty credit and...
S&P Raises Czech Insurer’s Ratings to ‘BBB-‘
Nov 20 2002 // Standard & Poor’s Ratings Services announced that, following a review, it has raised its long-term local currency counterparty credit and insurer financial strength ratings on Czech Republic-based composite...
S&P’s Puts Acceptance Insurance Cos. and Subsidiaries on Watch Negative
Nov 19 2002 // Standard & Poor’s has placed its ‘B+’ counterparty credit rating on Acceptance Insurance Cos. Inc. (AICI) and its operating units on CreditWatch with negative implications. At the same time, Standard...
S&P Revises Assicurazioni Generali Outlook to Negative
Nov 19 2002 // Standard & Poor’s Rating Services announced that, although it was affirming the ‘AA’ insurer financial strength and counterparty credit ratings on Assicurazioni Generali SpA, the parent and main...
S&P’s Affirms Aon Cap-Related Deals
Nov 12 2002 // Standard & Poor’s Ratings Services affirmed its ratings on various synthetic transactions related to Aon Capital A, and removed them from CreditWatch with negative implications, where they were placed on Nov. 4,...
S&P Lowers Trenwick Ratings to ‘CCC+’
Nov 12 2002 // Standard & Poor’s announced that it has lowered its counterparty credit rating on Trenwick Group Ltd. to ‘CCC+’ from ‘B,’ lowered the ratings on its operating subsidiaries, and is keeping...
