Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P Rates AXA Securitization
Jun 8 2007 // Standard & Poor’s Ratings Services has assigned preliminary credit ratings to the €411.6 million ($551 million) asset-backed floating-rate notes to be issued by a French “fonds commun de créances (FCC),...
Lloyd’s to Issue Tier 1 Subordinated Debt; S&P, Best Ratings
Jun 7 2007 // Lloyd’s announced plans to “return to the debt markets with a benchmark issue of Tier 1 perpetual subordinated debt.” The bulletin said the “issue will give greater flexibility and liquidity to...
S&P Upgrades Russia’s Ingosstrakh to ‘BBB-‘; Outlook Stable
Jun 7 2007 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Russian insurer Ingosstrakh Insurance Co. to “BBB-” from “BB+,”...
S&P Raises Neftepolis Outlook to Positive; Affirms ‘B+’ Ratings
Jun 7 2007 // Standard & Poor’s Ratings Services has revised its outlook on Russia-based insurer Neftepolis Insurance Co. LLC to positive from stable, “as a result,” said the announcement, “of closer...
S&P Examines Malaysian Takaful Market
Jun 7 2007 // A report published by Standard & Poor’s Ratings Services with the rather lengthy title “Established Regulatory & Legal Environment Gives Malaysian Takaful Market The Edge Over Gulf Cooperation...
Ratings Recap: QBE (US); HSBC; Genworth; State Farm; Mystic Re II
Jun 7 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit ratings (ICR) of “a” of New York-based QBE Re Group U.S. and its members. Best also removed...
S&P Conference Report: Reinsurers Assess Present/Future Concerns
Jun 6 2007 // Standard & Poor’s Ratings Services’ 23rd annual insurance conference, – “In Pursuit Of Sustainable Earnings” – focused on the “highly profitable” 2006 results, and the...
S&P Experts See Latest Pricing Downturn as ‘Something Different’
Jun 4 2007 // Experts say market conditions in the property/casualty insurance and reinsurance sector indicate the hard market, however short, is now over, and the industry is witnessing the beginning of the pricing cycle’s...
S&P Affirms AXIS Ratings; Raises Outlook to Positive
Jun 1 2007 // Standard & Poor’s Ratings Services has affirmed its “BBB+” counterparty credit and senior debt ratings on AXIS Capital Holdings Ltd. and affirmed its “A” counterparty credit and financial...
S&P Warns EU Insurers Not to Ignore Solvency II
May 31 2007 // Standard & Poor’s Ratings Services has issued a report – “Beware Solvency II: As The 2010 Implementation Date Looms Closer, European Insurers Should Ignore It At Their Peril” -, warning the...
S&P Affirms PartnerRe Ratings; Raises Outlook to Stable
May 31 2007 // Standard & Poor’s Ratings Services has revised its outlook on PartnerRe Ltd. and its operating subsidiaries– Partner Reinsurance Co. Ltd., PartnerRe S.A., and Partner Reinsurance Co. of U.S. (collectively,...
S&P Sees Japan P/C Sector as ‘Stable’
May 30 2007 // Standard & Poor’s Ratings Services latest report on the Japanese non-life industry concludes that, despite large payouts the sector remains relatively stable. However, 2006 was not a particularly good year....
S&P Assigns ‘B’ Ratings to Hub Int’l.
May 29 2007 // Standard & Poor’s Ratings Services has assigned its “B” counterparty credit rating to Hub International Ltd. with a stable outlook. S&P also assigned its “B” senior secured debt...
Munich Re to Issue €1 Billion in Bonds; Best, S&P Comment
May 29 2007 // Munich Re announced that it is preparing to issue a subordinated bond for approximately €1 billion ($1.3456 billion). The reinsurer described the debt issue as “a perpetual bond and callable by Munich Re from ten...
S&P: Revises ‘Risk-Based Insurance Capital Model’
May 25 2007 // Standard & Poor’s Ratings Services has published an article titled, “New Risk-Based Insurance Capital Model,” which details revisions it has made in its risk-based capital adequacy model. S&P...
S&P Rates Dubai’s Salama ‘BBB+’; Upgrades B.E.S.T. Re to ‘BBB+’
May 25 2007 // Standard & Poor’s Ratings Services has assigned its “BBB+” long-term counterparty credit and insurer financial strength ratings to Salama/Islamic Arab Insurance Co. (P.S.C.) (Salama/IAIC), located in...
R&SA Offers $1.16 Billion for Codan Minority Shares; Best, S&P Comment
May 25 2007 // The UK’s Royal & Sun Alliance Insurance Group plc, through its wholly-owned subsidiary RSA Overseas Holdings B.V., announced an all cash tender offer for all for the outstanding shares in Denmark’s Codan...
S&P to Hold Insurance Capital Model Enhancement Conference Today
May 24 2007 // Standard & Poor’s Ratings Services will hold a telephone conference call on Thursday, May 24, at 10:00 AM Eastern Time. S&P said “the call will cover the major enhancement that will be introduced to...
S&P Ups Hannover Re Outlook to Stable; Affirms ‘AA-‘ Ratings
May 23 2007 // Standard & Poor’s Rating Services has revised its outlook to stable from negative on German reinsurer Hannover Rückversicherung-AG and its core entities, collectively referred to as Hannover Re. The Group is...
S&P Report Says Insurers’ Climate Change Concerns are Real
May 23 2007 // A new report from Standard & Poor’s Ratings Services – “Insurers Seek To Weather Changes In The Weather” – stresses that for the insurance industry, “climate’s impact...
