Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P Confirms Earthquake Didn’t Trigger Japanese Cat Bonds
Oct 10 2000 // While the earthquake which struck Western Japan last week was very strong, measuring 7.3 on the Japanese Meteorological Agency scale, it was extremely deep, and the epicenter was far from a major population center –...
S&P Affirms Chiyoda Ratings Following Withdrawal from London Re Market
Oct 6 2000 // Standard & Poor’s rating service affirmed its double ‘A’-minus, outlook negative counterparty credit and insurer financial strength ratings for The Chiyoda Fire and Marine Insurance Co. (Europe)...
S&P Lowers Groupama Ratings
Oct 5 2000 // Standard & Poor’s announced that it had lowered the financial strength and counterparty credit ratings to “single-A from single A plus” for CCAMA, the parent company of France’s Groupama...
S&P Assigns ‘BBBpi’ to American Road
Oct 2 2000 // A “BBBpi” FSR was assigned to The American Road Insurance Co. (ARI) by S&P. The company, which is licensed in 52 states, the District of Columbia and Canada, is a strategically important member of the...
S&P Revises Outlook on Reliance (Europe) to Negative
Sep 22 2000 // Following yesterday’s announcement that Candover Investment Plc was pulling out of talks to acquire Reliance National Insurance Co. (Europe) Ltd., a subsidiary of U.S. insurer Reliance Group, Standard &...
S&P Affirms Lloyd’s A+ Rating
Sep 19 2000 // Despite expected losses from 1997 through this year, Standard & Poor’s reaffirmed the Lloyd’s insurance market’s A+ insurer financial strength rating. S&P cited Lloyd’s “very strong...
S&P Lowers Millers Ins. Rating; Company Reveals Strategy for Recovery
Sep 19 2000 // Standard & Poor’s lowered its financial strength rating on The Millers Insurance Co. and its related pool member, The Millers Casualty Insurance Co. The companies are subsidiaries of Millers American Group based...
S&P Affirms Corpa Reinsurance
Sep 18 2000 // The “Bpi” financial strength rating on Corpa Reinsurance Company was affirmed by S&P. The company wrote property and casualty treaty reinsurance on fire and commercial multiple lines peril. However,...
AIG Agrees to Purchase HSB Group Inc.
Sep 4 2000 // American International Group Inc. (AIG) announced it made a definitive agreement to acquire HSB Group Inc. for a price of approximately $1.2 billion. “We think that the synergies are terrific, and we look forward to...
S&P Affirms ‘BBBpi’ Rating on Crusader
Sep 1 2000 // Standard & Poor’s (S&P) affirmed its triple-‘Bpi’ financial strength rating on Woodland Hills, Calif.-based Crusader Insurance Company. Key rating factors include the company’s extremely...
State Fund Removed from Credit Watch
Aug 21 2000 // California’s largest workers’ comp carrier, State Compensation Insurance Fund (SCIF), was removed from Credit Watch status by Standard & Poor’s (S&P), which also reaffirmed the company’s...
S&P Affirms Hemar
Aug 21 2000 // The “BBpi” financial strength rating on Hemar Insurance Corp. of America was affirmed by S&P. The Hemar’s limited remaining business scope and earnings combined with volatile loss development and...
S&P Affirms Heritage Mutual
Aug 21 2000 // The “BBBpi” financial strength ratings on Heritage Mutual Insurance Co. (WI) and its wholly owned reinsured affiliate, Greatway Insurance Co., were affirmed by S&P. The company, a member of the Heritage...
Hamilton Ins. Co. Rated “R” by S&P
Aug 16 2000 // Standard & Poor’s assigned on Tuesday its ‘R’ rating to Hamilton Insurance Co. This action follows news that the Commonwealth Court has granted the Pennsylvania Insurance Department’s petition...
S&P Takes Rating Actions on Farmers Group and
Aug 14 2000 // Standard & Poor’s removed from CreditWatch and affirmed its ratings on Farmers Group Inc. (FGI) and the interactively rated members of the Farmers Insurance Exchange Intercompany Pool (Farmers). These ratings...
S&P: Most New London Market Capacity Headed To Lloyd’s
Aug 10 2000 // A new report by Standard and Poor’s says the expansion of London-based insurance business is mostly taking place at Lloyd’s of London. The report, Insurance Market Profiles, says that, although the London...
S&P Removes State Fund from Credit Watch
Aug 8 2000 // Standard & Poor’s (S&P) removed State Compensation Insurance Fund (SCIF), California’s largest workers’ comp carrier, from “Credit Watch” status and reaffirmed the company’s A...
S&P Assigns “CCCpi” to Superior Ins.
Aug 7 2000 // A “CCCpi” financial strength rating was assigned to Superior Insurance Company by Standard & Poor”s (S&P). The rating action also applies to the company”s wholly owned and reinsured...
S&P Lowers Polygon Insurance to BBB-; On Watch Development
Aug 3 2000 // Standard & Poor’s today lowered its counterparty credit and insurer financial strength ratings on the U.K. specialist aviation insurance company Polygon Insurance Co. Ltd. (to triple-‘B’-minus from...
S&P Lowers Fremont General Corp. and Related Unit Ratings
Aug 2 2000 // Standard & Poor’s today lowered its ratings on Fremont General Corp. (Fremont), Fremont General Financing I, and the members of the Fremont Comp Intercompany Pool (FCIP). These ratings remain on CreditWatch,...
