Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P Revises Outlook on France’s MMA to Negative
Oct 14 2002 // Standard & Poor’s announced that it has revised its outlook on the single-‘A’-minus financial strength and counterparty credit ratings on the French p/c insurer Les Mutuelles du Mans Assurances IARD,...
S&P Cuts Fireman’s Fund Insurance Co. Ratings
Oct 11 2002 // Standard & Poor’s Ratings Services said that it lowered its counterparty credit and financial strength ratings on Fireman’s Fund Insurance Co. and related entities (FFIC) to single-‘A’-plus...
S&P Comments on Downgrade of Allianz Risk Transfer
Oct 11 2002 // In a separate bulletin Standard & Poor’s explained the ratings downgrade of its long-term counterparty credit, insurer financial strength, and insurer financial enhancement ratings for Swiss-based multiline...
S&P, Moody’s Lower Allianz Ratings
Oct 10 2002 // Both Standard & Poor’s and Moody’s Investors Service announced Wednesday that they have downgraded their ratings on Germany’s Allianz AG, Europe’s largest insurer. S&P also announced that...
S&P Lowers Ratings on Two Gerling Divisions, Outlook for Group is Negative
Oct 10 2002 // Yesterday was not a good one for German insurers. In addition to lowering its ratings on Allianz (see previous article), Standard & Poor’s also announced that it has lowered its long-term counterparty credit and...
CORRECTION: S&P Rating for Employers Re is ‘AA+’
Oct 9 2002 // The article which appeared Friday concerning Standard & Poor’s decision to lower its ratings on Swiss Re from ‘AAA’ to ‘AA+’ incorrectly identified Employers Re (ERC) as one of the three...
S&P Lowers Swiss Re’s Ratings to ‘AA+’
Oct 4 2002 // Standard & Poor’s announced yesterday that it has lowered its long-term counterparty credit and insurer financial strength ratings on Swiss Reinsurance Co. and related core subsidiaries of the Swiss Re group to...
S&P Lowers NRMA Ratings to ‘AA’
Oct 3 2002 // Standard & Poor’s announced that it has lowered its double-‘A’-plus long-term insurer financial strength and counterparty credit ratings on NRMA Insurance Ltd. and IAG New Zealand Ltd. to...
S&P’s Moves Employers Re ‘AA+’ Ratings to WatchNeg
Oct 1 2002 // Standard & Poor’s has placed its double-‘A’-plus counterparty credit and financial strength ratings on Employers Reinsurance Corp. and its wholly owned subsidiaries (collectively referred to as ERC)...
Standard & Poor’s Launches New Lloyd’s Syndicate Analysis
Sep 27 2002 // Standard & Poor’s announced the launch of its Lloyd’s Syndicate Assessments (LSAs), “a new tool for analyzing the syndicates operating in the Lloyd’s of London Insurance Market.” S&P...
S&P Stands Pat on SCOR, Gerling Ratings
Sep 24 2002 // Standard & Poor’s announced that its ratings on Gerling-Konzern Globale Ruckversicherungs-AG (GKG) and related entities will “remain on CreditWatch with developing implications,” and that its...
S&P Keeps Zurich on CreditWatch, Outlook Still Negative
Sep 18 2002 // Standard & Poor’s indicated that its ratings on Switzerland’s Zurich Financial Services (ZFS) will “remain on CreditWatch with negative implications, where they were placed on Sept. 5, 2002, pending...
Seibels Bruce Downgraded by S&P’s, Demotech
Sep 18 2002 // Standard & Poor’s assigned its “R” financial strength ratings to three subsidiaries of The Seibels Bruce Group Inc.: South Carolina Insurance Co. (SCIC), Catawba Insurance Co. (CIC), and Consolidated...
Berkshire Hathaway Outlook Stable
Sep 16 2002 // S&P’s affirmed its “AAA”/”A-1+”counterparty credit, “A-1+” commercial paper, and “AAA” senior debt ratings on Berkshire Hathaway Inc. because of the...
SAI Exercises La Fondiaria Option; S&P Lowers Ratings
Sep 12 2002 // Italian insurer Societa Assicuratrice Industriale SpA. (SAI) announced that it would exercise the call/put option it has with a group headed by J.P. Morgan Chase to acquire an additional 19.8 percent stake in rival insurer...
S&P Removes Munich Re from CreditWatch
Sep 11 2002 // Standard & Poor’s announced that it has removed its triple-‘A’ long-term counterparty credit and insurer financial strength ratings on Munich Re and its core subsidiaries from CreditWatch. The rating...
S&P’s Report Says U.S. Health Market Physically Fit
Sep 6 2002 // The willingness of consumers to absorb escalating medical costs, combined with reduced competition, underlies the continued operating strength of health insurers in the coming quarters, Standard & Poor’s said in...
S&P Lowers Gerling Global Re’s Ratings to ‘BBB’
Sep 5 2002 // Standard & Poor’s announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on Germany’s Gerling-Konzern Globale Ruckversicherungs-AG (GKG), the reinsurance arm...
S&P’s Issues Report on Sept. 11 Insurance Payments
Sep 5 2002 // The terrorist attacks of Sept. 11, 2001, will go down in history as the property/casualty insurance industry’s largest single loss event, with the net-loss estimates posted by insurance entities standing at about $30...
S&P Raises Gothaer Re Ratings to ‘A-‘
Sep 2 2002 // Standard & Poor’s announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Germany’s Gothaer Ruckversicherung AG (Gothaer Re) to single-‘A’-minus...
