Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
Court Decision Clears the Way for Gerling to Sell GKG; S&P Comments
Jun 25 2003 // Germany’s Gerling Group announced that the Hessen Higher Administrative Court in Kassel has dismissed an appeal by BaFin, the German financial supervisory authority, from an earlier decision by the Frankfurt...
S&P Affirms ‘A’ Rating of Winterthur Swiss Insurance
Jun 25 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A’ long-term counterparty credit and insurer financial strength ratings on Switzerland-based Winterthur Swiss Insurance Co, with...
S&P Affirms Trenwick Group’s units ‘CCC’ Ratings
Jun 25 2003 // Standard & Poor’s Ratings Services announced that it has removed from CreditWatch and affirmed its ‘CCC’ counterparty credit and financial strength ratings on Trenwick Group Ltd.’s operating...
S&P Lowers Aviva’s Canadian Subs to ‘A’
Jun 24 2003 // Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit and financial strength ratings on the primary operating subsidiaries of Toronto, Ontario-based Aviva Canada Inc....
S&P: Commercial Lines Outlook Still Negative
Jun 23 2003 // NEW YORK – Two years into the hardest market in decades, the insurance business is still paying the price for the “irrational exuberance” of its recent years, in the words of Robert Partridge, a Managing...
S&P: Commercial Lines Outlook Still Negative
Jun 23 2003 // Two years into the hardest market in decades, the insurance business is still paying the price for the “irrational exuberance” of its recent years, in the words of Robert Partridge, a managing director at...
S&P Comments on Munich Re Group’s Q1 2003 Results
Jun 19 2003 // Standard & Poor’s Ratings Services issued an announcement indicating that Munich Re’s first quarter results and those of its subsidiary companies are “broadly in line” with its...
S&P Affirms State Farm Group Members Rtgs; Outlook Stable
Jun 19 2003 // Standard & Poor’s has affirmed its ‘AA’ counterparty credit and financial strength ratings on State Farm Mutual Automobile Insurance Co. (SFMA) and five other interactively rated members of the State...
S&P Report Finds French Market is ‘Stable’
Jun 18 2003 // A report on the French insurance market released by Standard & Poor’s Ratings Services calls the outlook in both the life and P/C sectors “stable.” S&P had previously classed the P/C...
S&P’s Cuts Lumbermens Mutual Casualty Rating to ‘D’
Jun 11 2003 // Standard & Poor’s Ratings Services has revised its ratings on beleaguered Lumbermens Mutual Casualty Co.’s $100 million 8.45 percent surplus notes due Dec. 1, 2097, and the $200 million 8.3 percent surplus...
Axis Readies IPO; S&P Affirms ‘A’ Ratings
Jun 11 2003 // As Bermuda-based Axis Capital Holdings Ltd. readies the launch of an initial public share offering (it originally filed a Registration Statement with the SEC last March), Standard & Poor’s Ratings Services...
S&P Puts Cooperativa, R&SA (Puerto Rico) on CreditWatch
Jun 11 2003 // Standard & Poor’s Ratings Services announced that it has placed its ‘A’ counterparty credit and financial strength ratings on Cooperativa de Seguros Multiples of Puerto Rico (Cooperativa) on...
S&P Lowers and Withdraws Worldwide Insurance Co. Ratings
Jun 11 2003 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Worldwide Insurance Co. and its subsidiary, Worldwide Direct Auto Insurance Co....
S&P’s Cuts Liberty Mutual
Jun 9 2003 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on Boston-based Liberty Mutual Insurance Co. and related entities to “A” from “A+” and removed them from...
Ace Affirmed, Outlook Neg.
Jun 9 2003 // S&P’s has assigned its “BBB-” preferred stock rating to Ace Ltd.’s $500 million ($575 million if over-allotment exercised) 7.80 percent cumulative redeemable preferred shares, Series C...
The Ratings Game
Jun 9 2003 // Every day, agents and brokers use financial strength ratings of insurers in their business. A carrier’s ratings may affect an agent’s ability to place risks with that insurer, or the client’s willingness...
S&P’s Cuts Liberty Mutual
Jun 9 2003 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on Boston-based Liberty Mutual Insurance Co. and related entities to “A” from “A+” and removed them from...
Ace Affirmed, Outlook Neg.
Jun 9 2003 // S&P’s assigned its “BBB-” preferred stock rating to Ace Ltd.’s $500 million, 7.80 percent cumulative redeemable preferred shares, Series C offering. Ace may redeem these shares any time after...
S&P Lowers Princeton Insurance Co. Ratings to ‘Bpi’
Jun 6 2003 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on New Jersey-based Princeton Insurance Co. to ‘Bpi’ from ‘BBBpi’...
S&P Revises Navigators Outlook to Stable
Jun 3 2003 // Standard & Poor’s has revised its outlook on Navigators Insurance Co. and NIC Insurance Co. (collectively referred to as Navigators) to stable from positive because of the belief that Navigators’s capital...
