Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P’s Assigns Grange Mutual Insurance Co. ‘R’ FSR
Jan 10 2003 // Standard & Poor’s Ratings Services said that it assigned its ‘R’ financial strength rating to Ore.-based Grange Mutual Insurance Co. upon learning that the company has filed for bankruptcy protection...
S&P’s Lowers Insurance Co. of West and Related Ratings to ‘BBpi’
Jan 10 2003 // Standard & Poor’s has lowered to ‘BBpi’ from ‘BBBpi’ its counterparty credit and financial strength ratings on Insurance Co. of the West (83.5 percent) and its qualifying inter-affiliated...
S&P’s Outlook on Italian Insurance Market is “Negative,” but “Improving”
Jan 9 2003 // Standard & Poor’s has just completed a review of the Italian insurance market, and announced that “the ratings outlook for the market is negative, reflecting an expected downward trend in insurer financial...
S&P’s Cuts Traders Insurance. Co. Ratings to ‘Bpi’
Jan 8 2003 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on Traders Insurance Co. (Traders) to ‘Bpi’ from ‘BBpi’. “The rating action is based on the...
S&P’s Assigns SAFECO’s $775M Shelf Preliminary Ratings
Jan 7 2003 // Standard & Poor’s Ratings Services said that it assigned its preliminary ‘BBB+’ senior debt, ‘BBB’ subordinated debt, and ‘BBB-‘ preferred stock ratings to Seattle-based...
S&P’s Cuts ARI Mutual Co., ARI Casualty Ratings to ‘Bpi’
Jan 6 2003 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on ARI Mutual Insurance Co. (ARIM) and its affiliate, ARI Casualty Co. (ARIC), to ‘Bpi’ from ‘BBpi’....
S&P Cuts Kemper Ins Cos Members’ Ratings
Dec 23 2002 // Standard & Poor’s Ratings Services said that it removed from CreditWatch its counterparty credit and financial strength ratings on the members of Kemper Insurance Cos. Intercompany Pool (Kemper) and lowered them...
S&P’s Revises Travelers Outlook
Dec 16 2002 // S&P’s affirmed its “A-” counterparty credit and senior debt ratings on Travelers Property Casualty Corp. and its “AA-” counterparty credit and financial strength ratings on members of the...
S&P’s SEES TROUBLE AHEAD
Dec 16 2002 // U.S. commercial-lines insurers are plagued by inadequate reserves, according to Standard & Poor’s just-published outlook for 2003, and bullish pricing cannot simply sweep the problem away. S&P’s...
‘AA’ Ratings for HCC Subs
Dec 16 2002 // Standard & Poor’s Ratings Services assigned its “AA” counterparty credit and financial strength ratings to HCC Specialty Insurance Co. (HCC Specialty) and HCC Life Insurance Co. (HCC Life). Also...
State Farm Members Lowered
Dec 16 2002 // S&P’s lowered its counterparty credit and financial strength ratings on all members of the State Farm Group of Insurance Companies (State Farm) except State Farm Lloyds to “AA” from “AA+”...
S&P Takes Favorable View of Trenwick’s Financing Agreement
Dec 13 2002 // Standard & Poor’s Ratings Services has issued a comment on Bermuda-based Trenwick Group Ltd.’s recent agreement in principle with its Lloyd’s letter of credit providers which will allow it to...
S&P Assigns Aon Corp.’s $225M 144a Senior Notes ‘A-‘
Dec 13 2002 // Standard & Poor’s Ratings Services assigned its ‘A-‘ rating to Aon Corp.’s $225 million 144a senior notes offering scheduled to mature in 2012. “The proceeds of the offering are expected...
S&P Lowers Munich Re Ratings to ‘AA+’
Dec 12 2002 // Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on the world’s largest reinsurance group, Munich Reinsurance Co....
S&P Upgrades Hong Kong’s CIRe Rating to ‘A-‘
Dec 10 2002 // Standard & Poor’s Ratings Services announced that it has revised its insurer financial strength and long-term counterparty credit ratings on Hong Kong-based China International Reinsurance Co. Ltd. (CIRe) to...
S&P’s Lowers ERC Ratings to ‘AA-‘
Dec 6 2002 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on Employers Reinsurance Corp. and its wholly owned subsidiaries (collectively referred to as ERC) to ‘AA-‘ from...
S&P’s Maintains Negative Outlook on Commercial Insurers
Dec 5 2002 // U.S. commercial-lines insurers are still plagued by inadequate reserves, according to Standard & Poor’s just-published outlook for 2003, and bullish pricing cannot simply sweep the problem away. Standard &...
S&P Upgrades Korea’s LG Insurance to ‘BBB’
Dec 4 2002 // Standard & Poor’s Ratings Services today raised its insurer financial strength and counterparty credit ratings on LG Insurance Co. Ltd. to ‘BBB’ from ‘BBB-‘ with a stable outlook,...
S&P’s: Higher Premiums Support Personal Lines Insurers
Dec 4 2002 // Cash-strapped homeowners and automobile insurers have enacted the steep price increases necessary to recapture profitability, according to Standard & Poor’s just-published outlook for 2003, which puts the...
S&P Affirms Inter-Ocean Reinsurance Co. Ltd. ‘A’ Ratings
Dec 3 2002 // Standard & Poor’s announced that it has affirmed its ‘A’ counterparty credit and financial strength ratings on Inter-Ocean Reinsurance Co. Ltd. with a stable outlook. S&P indicated it took the...
