Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P Says Taiwan’s General Insurers Return to Stability
Apr 29 2003 // Standard & Poor’s Ratings Services, in a new publication entitled “Taiwan Insurance Outlook 2003,” announced that it has revised its outlook on Taiwan’s nonlife insurance sector to stable from...
S&P Assigns White Hall Mutual Insurance Co. ‘R’ Rating
Apr 25 2003 // Standard & Poor’s Ratings Services announced that that it has assigned its ‘R’ financial strength rating to White Hall Mutual Insurance Co., a 160-year-old P/C insurer based in Doylestown PA,...
S&P Says a “Shakeout” is Due in Thailand’s General Insurance Sector
Apr 23 2003 // Standard & Poor’s Ratings Services announced that it has assigned a stable outlook to the financial strength of Thailand’s general insurance sector, based on “the industry’s satisfactory...
S&P’s Affirms Alfa Insurance Group Ratings
Apr 23 2003 // Standard & Poor’s Ratings Services announced it affirmed the “AA” long-term counterparty credit and financial strength ratings on the members of Alabama-based Alfa Insurance Group (Alfa), based on...
S&P’s Revises Fremont General Corp. Outlook
Apr 21 2003 // Standard & Poor’s Ratings Services revised its outlook on Fremont General Corp. to stable from negative and affirmed its ratings on the Santa Monica, Calif.-based company, including Fremont’s...
S&P’s ARTICLE DISCUSSES INSURER CREDIT, LIQUIDITY SUPPORT
Apr 21 2003 // Standard & Poor’s has published an article that explains the rating criteria for credit and liquidity support provided by insurers. Capital-markets transactions are often supported by credit or liquidity...
Gulf Insurance Group Cut
Apr 21 2003 // Standard & Poor’s Ratings Services lowered its long-term counterparty credit and financial strength ratings on the members of the Gulf Insurance Group (Gulf) to “A+” from “AA-.” The...
Top Layer Reinsurance IFS Rating Affirmed by S&P’s
Apr 16 2003 // Standard & Poor’s has affirmed its ‘AA’ financial strength rating on Top Layer Reinsurance Ltd. (Top Layer), a Bermuda-based reinsurer of risk-remote property catastrophe exposure, based on support...
S&P’s Says SARS Could Damage Health of Emerging Asian Companies
Apr 15 2003 // Standard & Poor’s reports that a recent outbreak of a pneumonia-like illness known as Severe Acute Respiratory Syndrome (SARS) in greater China and southeast Asia is unlikely to have any immediate impact on its...
S&P’s Cuts Attorneys Liability Protection Soc. RRG Ratings; Off Negative Watch
Apr 14 2003 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on Attorneys Liability Protection Society Inc., A Risk Retention Group (ALPS) to ‘BBB’ from ‘A-‘ and...
S&P’s Report Evaluates Calif.’s WC Market
Apr 14 2003 // Strict underwriting controls imposed on the California State Compensation Insurance Fund(SCIF) are one bright spot in a gloomy scene for workers’ compensation writers in the state, according to a new report by...
S&P’s Report Evaluates Calif.’s WC Market
Apr 11 2003 // Strict underwriting controls imposed on the California State Compensation Insurance Fund(SCIF) are one bright spot in a gloomy scene for workers’ compensation writers in the state, according to a new report by...
S&P Lowers AEGON’s Ratings to ‘A+/A-1’
Apr 9 2003 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit rating on AEGON N.V. (AEGON) to ‘A+/A-1’ from ‘AA-/A-1+’ “because of Standard &...
S&P’s Withdraws Mountbatten Surety Co. Inc. ‘A+’ Ratings
Apr 9 2003 // Standard & Poor’s Ratings Services has withdrawn its ‘A+’ counterparty credit and financial strength ratings on the Mountbatten Surety Co. Inc. at the company’s request. “This rating...
S&P Ratings on Gerling to Remain on CreditWatch
Apr 4 2003 // Standard & Poor’s Ratings Services reacted to the news that talks between Germany’s Gerling Group and HDI have broken off (See IJ Website April 3) with an announcement that its current ‘BB+’...
Industry Applauds Lloyd’s Return to Profitability
Apr 3 2003 // If it were a sports story, it would be something like the Anaheim Angels winning the World Series last year, so when an insurance company, in this case an insurance market, goes from losing almost $5 billion to making...
S&P, A.M. Best Take Rating Actions on Trenwick
Apr 3 2003 // Both Standard & Poor’s Ratings Services and A.M. Best have reacted to the Trenwick Group Ltd.’s announcement that it was in default on its senior notes as of April 1. (See IJ Website April 2). S&P...
S&P’s Report Says Asbestos Driving Rift Between Insurers/Reinsurers
Apr 1 2003 // Asbestos exposure foreshadows a growing rift between insurers and the reinsurance companies that back them, according to a new report by Standard & Poor’s. “Disputes between insurers and reinsurers appear...
S&P Expects to Assign an ‘A’ Rating to Promina General Insurance Subsidiaries
Mar 31 2003 // Standard & Poor’s Ratings Services announced that it expects to raise the insurer financial strength and counterparty credit ratings on the principal Australian and New Zealand-based general insurance...
S&P Sees Limited Impact from Tokio, Nichido Merger
Mar 31 2003 // Standard & Poor’s Ratings Services has issued a statement indicating that “the merger plan between Tokio Marine & Fire Insurance Co Ltd. (AA-/Negative/–) and Nichido Fire & Marine Insurance...
