Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P’s Sees Improvement for Personal Lines Insurers
Dec 3 2002 // The performance of both of the major coverages written by predominantly personal lines insurers – automobile and homeowners multi-peril insurance – have begun to improve, and there is the prospect of continued...
S&P Lowers, Withdraws ESG Re Ltd. Ratings
Nov 29 2002 // Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on the main operating entities of Bermuda-based reinsurance group ESG Re...
S&P’s Affirms BCBS of La. ‘A’ Ratings; Outlook Negative
Nov 29 2002 // Standard & Poor’s has affirmed its ‘A’ counterparty credit and financial strength ratings on Louisiana Health Service & Indemnity Co., which does business as Blue Cross and Blue Shield of...
S&P’s Lowers Majority of State Farm Ratings
Nov 29 2002 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on all the members of the State Farm group of insurance companies (State Farm) except State Farm Lloyds to ‘AA’...
S&P’s Revises Travelers PC Outlook
Nov 28 2002 // Standard & Poor’s has affirmed its ‘A-‘ counterparty credit and senior debt ratings on Travelers Property Casualty Corp. and its ‘AA-‘ counterparty credit and financial strength ratings...
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...
