Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P Puts Nationwide Financial on CreditWatch Negative
Aug 9 2001 // Standard & Poor’s placed its ratings on Nationwide Financial Services Inc. (NFS) and related entities on CreditWatch with negative implications. At the same time, S&P placed its ratings on Provident Mutual...
S&P Affirms Munich Reinsurance Rating
Aug 7 2001 // Standard & Poor’s has affirmed its “AAA” long-term counterparty credit and insurer financial strength ratings on leading global reinsurer, Munich Reinsurance Co. (MRC) and all core reinsurance...
Shares of Insurers Pause After Recent Gains-What Direction Now’
Aug 6 2001 // It’s extremely difficult to predict whether a stock will go up or down-more so in the sort term. Too many factors involved, which are open to widely varied interpretations. Trends in a given sector can be spotted...
HCC Insurance Holdings Affirmed
Aug 6 2001 // HCC Insurance Holdings recently received affirmation of Standard & Poor’s “A” counterparty credit rating on HCC Insurance Holdings and “AA” counterparty credit and financial strength...
S&P Withdraws Philadelphia Ins Co. Ratings
Aug 6 2001 // Standard & Poor’s has withdrawn its “A” counterparty credit and financial strength ratings on Philadelphia Insurance Co. and Philadelphia Indemnity Insurance Co., members of the Philadelphia...
S&P Says Asbestos Claims Affect Insurance Negatively But Not Terminally
Aug 3 2001 // The latest financial strain on insurers that cover liability settlements for employers of asbestos workers will negatively, but not terminally affect the insurance industry’s finances, a new Standard &...
S&P Rates Mercury General Corp
Jul 31 2001 // Standard & Poor’s today assigned its preliminary “A” issuer credit rating to Mercury General Corp. (Mercury). The outlook is stable. At the same time, S&P assigned its preliminary...
S&P Removes Royal Nederland’s Ratings
Jul 30 2001 // Standard & Poor’s today affirmed its “AA-” counterpary credit and insurer financial strength ratings on Dutch companies Royal Nederland Schadeverzekering N.V., Royal Nederland Levensverzekering N.V.,...
Nationwide Placed on CreditWatch Negative
Jul 23 2001 // Nationwide Mutual Insurance and its related entities were placed on CreditWatch with negative implications by Standard & Poor’s. The rating actions point out S&P’s concerns that Nationwide’s...
S&P Reports Russia Ready for Insurance
Jul 23 2001 // The Russian insurance market appears ready for steady growth in the next five to 10 years according to a report by Standard & Poor’s. The announcement comes after last month’s upgrade of S&P’s...
S&P Report Sees Latin American Growth
Jul 11 2001 // A new report from international financial analysts Standard & Poor’s sees substantial growth potential in Latin America and analyzes the prospects of the region’s 50 largest insurers. Highlights of the...
S&P Revises Outlook on U.S. Personal Lines P/C Industry to Negative
Jul 11 2001 // Standard & Poor’s revised its outlook on the personal lines property/casualty sector (i.e., home and auto insurance) of the U.S. insurance industry to negative from stable. In conjunction with this rating...
S&P Ratings Reports on Sunderland Marine, Gjensidige NOR
Jul 6 2001 // International rating agency Standard & Poor’s announced that it had lowered its counterparty credit and insurer financial strength rating on Sunderland Marine Mutual Insurance Co. Ltd (SMMI) to...
S&P Affirms AMP ‘AA’ Ratings, Outlook Negative
Jul 3 2001 // Standard & Poor’s affirmed the double-‘A’ counterparty credit ratings and insurer financial strength ratings on the principle operating entities of Australian insurer AMP, but changed the outlook...
S&P Affirms Africa Re ‘BBB’ Ratings
Jun 29 2001 // Standard & Poor’s international insurance rating service has reaffirmed the ‘BBB’ long-term counterparty credit and insurer financial strength ratings of African Reinsurance Corp. with a...
S&P Assigns Allianz’ ART Its ‘AA’ FER Rating
Jun 8 2001 // Standard & Poor’s “assigned its double -‘A’ financial enhancement rating (FER) to Zurich-based Allianz Risk Transfer (ART),” an Allianz AG subsidiary which specializes (naturally enough)...
Polish Market Stable According to S&P
Jun 7 2001 // The Polish non-life insurance market has stabilized and appears headed for a period of growth according to Standard & Poor’s (S&P) most recent studies. S&P’s report notes that against decreasing...
Philadelphia Consolidated Holding Joins S&P SmallCap 600 Index
Jun 5 2001 // Philadelphia Consolidated Holding Corp., which markets and underwrites specialty property and casualty insurance products, announced that after the close of trading on May 31, the company was included as a component of the...
Lumbermens Mutual Casualty Cos. Ratings Affirmed
May 17 2001 // Standard & Poor’s (S&P) affirmed all outstanding interactive ratings on Lumbermens Mutual Casualty Cos. (the Kemper Insurance Cos., collectively Kemper). The outlook is stable. According to S&P, Kemper...
State Fund Withdraws from Best’s Rating Process
May 13 2001 // “In essence, we’d like to assure all of our policyholders that we are solvent, that we’re still financially strong,” said Jim Zelinski, spokesperson for California State Compensation Insurance Fund,...
