Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
Lloyd’s Seems to be Weathering the Storm
Mar 11 2002 // Elton John’s “I’m Still Standing” could become Lloyd’s theme song—it’s a better fit than “Candle in the Wind.” After the record losses from the WTC attacks, two cash calls,...
S&P Lowers Farmers Insurance Exchange
Mar 11 2002 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on Farmers Insurance Exchange group to “A” from “AA-.” The outlook is stable. S&P also lowered its...
S&P Lowers Sirius Ratings to ‘A’, Off CreditWatch
Feb 28 2002 // Standard & Poor’s announced that it has lowered its long-term ratings on Sweden-based Sirius International Insurance Corp. (Sirius) to single-‘A’ from single-‘A’-plus “as a result...
S&P Lowers State Farm Lloyds
Feb 25 2002 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on State Farm Lloyds (SF Lloyds), which writes homeowners insurance in Texas, to “A” from “AAA.” At the...
S&P Assigns Delta Casualty Co. ‘R’
Feb 25 2002 // S&P assigned its “R” financial strength rating to Delta Casualty Co. (Delta Casualty). On Dec. 4, 2001, the Cook County Circuit Court in Illinois issued an order of liquidation upon finding that Delta...
S&P Keeps Lloyd’s on Watch Negative
Feb 21 2002 // Standard & Poor’s announced that its single-‘A’ insurer financial strength rating on the Lloyd’s insurance market will remain on CreditWatch with negative implications, but said it...
S&P Completes Zurich Review, Lowers Ratings
Feb 18 2002 // Standard & Poor’s announced that it has completed its review of Swiss-based Zurich Financial Services, undertaken after the Sept. 11 attacks, and has lowered its counterparty credit and insurer financial...
S&P Lowers Scandinavian Re Ratings to ‘BBB’
Feb 15 2002 // Standard & Poor’s announced that it has lowered its counterparty credit and financial strength ratings on Scandinavian Reinsurance Co. Ltd. (Scan Re) to triple-‘B’-minus from...
S&P Lowers If PC Ratings to ‘A-‘
Feb 13 2002 // Standard & Poor’s announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on the operating entities of Scandinavia’s If P&C Group to...
S&P Upgrades Electric Insurance
Feb 11 2002 // S&P raised its counterparty credit rating and FSR on Beverly, Mass.-based Electric Insurance Co. (EIC) to “A” from “A-.” The outlook is stable. S&P considers EIC’s statutory surplus...
S&P Upgrades Electric Insurance
Feb 11 2002 // S&P raised its counterparty credit rating and FSR on Beverly, Mass.-based Electric Insurance Co. (EIC) to “A” from “A-.” The outlook is stable. S&P considers EIC’s statutory surplus...
S&P Upgrades NRMA NZ Ratings to ‘AA+’
Feb 8 2002 // Standard & Poor’s announced that it has upgraded its insurer financial strength and counterparty credit ratings on New Zealand-based NRMA Insurance NZ Ltd., formerly State Insurance Ltd., to...
S&P Affirms BRIT Insurance ‘A-‘ Ratings
Feb 7 2002 // Standard & Poor’s announced that it has affirmed its single-‘A’-minus counterparty credit and insurer financial strength ratings on U.K.-based BRIT Insurance Ltd. with a stable outlook. S&P...
S&P Equalizes Ratings on EULER Group, Hermes, as Merger Nears Completion
Feb 1 2002 // Standard & Poor’s took steps to equalize the ratings of French-based credit insurance group EULER and Germany’s Hermes Kreditversicherungs-AG (Hermes) following their announcement that they were close to...
S&P Revises Outlook on Samsung to Positive
Jan 31 2002 // Standard & Poor’s announced that it has revised the outlook on its single-‘A’ long-term local currency credit rating on South Korea’s Samsung Fire & Marine Insurance Co. Ltd. to positive...
S&P Comments on Lloyd’s Reform Proposals
Jan 30 2002 // Standard & Poor’s has issued a bulletin which discusses the proposed structural reforms announced by Lloyd’s of London on January 17. While warning of numerous hurdles to be overcome before any of the...
S&P Affirms AXA Group
Jan 28 2002 // Standard & Poor’s today affirmed its “AA” long-term counterparty credit and insurer financial strength ratings on the operating entities of Paris-based global insurance group AXA, as well as its...
S&P Affirms AXA Group
Jan 28 2002 // Standard & Poor’s affirmed its “AA” longterm counterparty credit rating and insurer FSR on the operating entities of Paris-based global insurance group AXA, as well as its “A+” longterm...
S&P Affirms Trans Re Zurich ‘AA’ Ratings
Jan 25 2002 // Standard & Poor’s has affirmed its long-term double-‘A’ counterparty credit and insurer financial strength ratings on Switzerland-based reinsurance company Trans Re Zurich (TRZ) with a stable...
S&P Sees Stable Belgian Insurance Market in 2002
Jan 22 2002 // Standard & Poor’s has issued a report on the Belgian insurance market which concludes that the basic outlook for the year 2002 is stable, and that the majority of Belgian insurers’ financial strength...
