Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P, Swiss Re Predict More Securitization, M&A’s in Life Market
Jan 9 2006 // It’s hard to get anything close to a consensus from financial analysts, but one forecast seems to be gaining almost universal credibility. The life sector is set for further consolidation in 2006. This appears to be...
S&P Maintains Stable Outlook on Italian Insurance Industry
Jan 9 2006 // In a recently issued study “Insurance Industry Risk Analysis: Italy (Republic of),” Standard & Poor’s Ratings Services said it is maintaining its stable outlook on the Italian insurance industry....
S&P Rates Arch’s Flatiron Re ‘BBB-‘
Dec 30 2005 // Standard & Poor’s Ratings Services announced that it has assigned its ‘BBB-‘ counterparty credit rating to Flatiron Re Ltd. and its ‘BB+’ senior secured debt rating to Flatiron Re’s...
S&P Raises Ratings on Ming An
Dec 28 2005 // Standard & Poor’s Ratings Services announced that it has raised its long-term insurer financial strength rating on Hong Kong’s Ming An Insurance Co. to “BB+” from “BB”,...
S&P Tells How It Rates Start-Ups
Dec 27 2005 // Standard & Poor’s Rating Services has issued a timely bulletin, entitled “Credit FAQ: Rating The Reinsurance Startups.” The article discusses the criteria the rating agency uses in determining the...
S&P Assigns Lloyd’s Assessment Rating to Amlin’s Syndicate 2001
Dec 23 2005 // Standard & Poor’s Ratings Services announced that it has assigned its interactive Lloyd’s Syndicate Assessment (LSA) of ‘4’ (low dependency) to U.K.-based Amlin Underwriting – Syndicate...
S&P Affirms OIL’s ‘A-‘ Rating, Off CreditWatch; Outlook Stable
Dec 22 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its “A-” counterparty credit and financial strength ratings on petroleum industry mutual insurer Oil Insurance Ltd. (OIL) and removed...
S&P Affirms Converium’s Ratings; Off CreditWatch; Outlook Stable
Dec 22 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its “BBB+” long-term counterparty credit and insurer financial strength ratings on Swiss-based reinsurer Converium AG and the...
S&P Raises U.K. Eccelesiastical Ins. To ‘A-‘; EIG-Ansvar to ‘BBB+’
Dec 22 2005 // Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on U.K.-based non-life insurer Ecclesiastical Insurance Office PLC to...
S&P Rates Endurance Sub TPIC ‘A-‘
Dec 21 2005 // Standard & Poor’s Ratings Services announced that it has assigned its “A-” counterparty credit and financial strength ratings to Traders & Pacific Insurance Co. (TPIC) based on the...
Katrina & Rita Opened a “Pandora’s Box” for P/C Industry, Says S&P
Dec 15 2005 // A new report from Standard & Poor’s notes that “Hurricane Katrina, followed closely on its heels by Hurricane Rita, wound up revealing the flaws in many insurance-industry assumptions.” The article,...
S&P Ups Willis Outlook to Positive; Affirms ‘BBB-‘ Rating
Dec 15 2005 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Willis Group Holdings Ltd. to positive from stable and has affirmed its “BBB-” counterparty credit and senior unsecured...
S&P Assigns ACE INA Insurance (ACE Canada) ‘A’ Rating
Dec 12 2005 // The ACE Group of Companies reported that Standard & Poor’s Ratings Service has assigned its “A” long-term counterparty credit and financial strength ratings to ACE INA Insurance (ACE Canada), with a...
Personal Lines 2006 Outlook Stable, S&P Report Says
Dec 12 2005 // In a report published Monday, Standard & Poor’s stated that it is retaining its stable outlook for the personal lines sector for 2006, despite the losses stemming from 2005’s aggressively violent hurricane...
S&P Assigns ‘BBB+’ Rating to ING’s Hong Kong P/C Operation
Dec 5 2005 // Standard & Poor’s Ratings Services announced that it has assigned its “BBB+” insurer financial strength and long-term counterparty credit ratings to ING General Insurance Co. Ltd. (ING GIHK) with a...
Everest Re to Raise $280 Million; S&P Affirms Ratings
Dec 5 2005 // The Everest Re Group announced from Bermuda that it has agreed to sell approximately $280 million of its common shares to Wachovia Securities, which will subsequently offer the common shares to public investors pursuant to...
Best, S&P Assign Ratings to XL’s Capital Increase Plan
Dec 2 2005 // A.M. Best Co. and Standard & Poor’s Ratings Services have reacted more or less positively to XL Capital Ltd.’s capital raising initiative (See previous article). Best has assigned indicative debt ratings...
S&P Revises Outlook on ACE, Australia & NZ to Stable
Nov 30 2005 // In line with its announcement on ACE Ltd. (See above article), Standard & Poor’s Ratings Services announced that it has also revised its outlook to stable from negative on its “A” counterparty credit...
S&P Revises ACE Ltd. Outlook to Stable from Negative; Affirms Ratings
Nov 30 2005 // Standard & Poor’s Ratings Services announced that it has revised its outlook on ACE Ltd. and its active operating insurance companies to stable from negative. S&P also affirmed its “A+”...
S&P Downgrades XL’s Ratings to ‘A+’
Nov 29 2005 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on XL Capital Ltd.’s core operating companies to “A+” from...
