Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P Sees Continued Profitability for NZ P/C Carriers
Sep 14 2005 // Profitability among New Zealand’s nonlife (P/C) insurers is expected to remain sound for the remainder of 2005 and into 2006, according to Standard & Poor’s latest report card on the sector. “These...
Alea Loses S&P ‘A’ Rating
Sep 12 2005 // Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on Alea Europe AG, Alea (Bermuda) Ltd., Alea Global Risk Ltd., Alea...
S&P Analyzes Earthquake Threat for Japan’s Property/Casualty Companies
Sep 12 2005 // “The one-two punch of insurance payouts and share price losses following a major earthquake in Tokyo would not immediately jeopardize insurance companies’ ability to pay claims, but could have a negative impact...
S&P Puts 10 Insurers on “Katrina” CreditWatch/Negative
Sep 12 2005 // Standard & Poor’s Ratings Services announced that it has placed its ratings on 10 interactively rated insurance and reinsurance groups on CreditWatch with negative implications due to their possible...
S&P Assigns NGI ‘BBB’ Rating
Sep 9 2005 // Standard & Poor’s Ratings Services announced that it has assigned its “BBB” long-term counterparty credit and insurer financial strength ratings to Dubai-based insurer National General Insurance...
S&P Issues Report on European Insurers U.S. Operations
Sep 8 2005 // Standard & Poor’s Ratings Services has issued a new report on how European insurers are doing in the U.S. market. The article entitled “Some European Insurers Maintain U.S. Property/Casualty Operations...
Australian P/C Insurers Credit Quality Remains Strong Says S&P
Sep 6 2005 // Standard & Poor’s Ratings Services has issued a statement indicating that “credit quality among the nonlife insurance players in Australia should remain strong over the next couple of years, supported by...
S&P Puts Skandia on CreditWatch/Negative Following Bid from Old Mutual
Sep 6 2005 // Standard & Poor’s Ratings Services announced that it has placed its “A” long-term counterparty credit rating and “A-” long-term senior unsecured debt rating on Sweden’s Skandia...
Zenith National Affirmed
Sep 5 2005 // Standard & Poor’s Ratings Services affirmed its “BB+” counterparty credit rating and “B+”‘ preferred stock rating on Zenith National Insurance Corp. S&P also affirmed its...
ACE’s U.S. Subsidiaries Upgraded
Sep 5 2005 // A.M. Best Co. upgraded the financial strength ratings to “A+” (superior) from “A” (excellent) and assigned issuer credit ratings of “aa-” to ACE Westchester Specialty Group,...
S&P Puts Alea Group on CreditWatch/Negative
Sep 2 2005 // Standard & Poor’s Ratings Services announced that it has placed its “A-” long-term counterparty credit and insurer financial strength ratings on Alea Europe AG, Alea (Bermuda) Ltd., Alea Global Risk...
S&P Assigns ‘BBB+’ Rating to Slovenia’s Sava Re
Sep 1 2005 // Standard & Poor’s Ratings Services announced that it has assigned its “BBB+” long-term counterparty credit and insurer financial strength ratings to Slovenia-based reinsurer Pozavarovalnica Sava,...
S&P Puts OIL’s ‘A+’ Ratings on Credit/Watch-Negative
Sep 1 2005 // Standard & Poor’s Ratings Services has registered a quick reaction to the ravages of Hurricane Katrina on the petroleum industry. S&P announced that it has placed its “A+” counterparty credit...
S&P Says Katrina Won’t Hit Cat Bonds
Aug 30 2005 // Although they are still relatively rare, compared to the number of commercial property policies in force, a number of cat bonds covering specific property risks were briefly threatened by Hurricane Katrina. However,...
S&P Comments on Korean Insurance Industry Transparency Plan
Aug 18 2005 // Standard & Poor’s Ratings Services has given a definite maybe to a newly unveiled reform plan for Korea’s insurers. The rating agency called the plan “a good start towards enhancing the...
S&P: Without Contingent Commissions, Some Insurance Brokers Still Cope
Aug 16 2005 // With the outlooks on Aon Corp. and Willis Group Holdings Ltd. — two of the world’s largest insurance brokers — having recently been revised to stable from negative, the industry is beginning to recover...
S&P Affirms Allianz (Australia/NZ) Ratings; Revises Outlook to Positive
Aug 12 2005 // Standard & Poor’s Ratings Services announced that it has affirmed the long-term “A” insurer financial strength and counterparty credit ratings on Allianz Australia and its affiliate Allianz New...
S&P Affirms Willis ‘BBB-‘ Ratings
Aug 12 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its “BBB-” counterparty credit and senior unsecured debt ratings on Willis Group Holdings Ltd. and has revised the outlook to stable...
Zenith National, Units Outlook Revised to Postivie; Ratings Affirmed
Aug 11 2005 // Standard & Poor’s Ratings Services has affirmed its ‘BB+’ counterparty credit rating and ‘B+’ preferred stock rating on Zenith National Insurance Corp. (Zenith). Standard &...
S&P Assigns ‘BBB’ Rating to Jordanian Insurer IGI
Aug 10 2005 // Standard & Poor’s Ratings Services announced that it has assigned its ‘BBB’ long-term counterparty credit and insurer financial strength ratings to Jordan-based insurer International General...
