Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
New Reports Prescribe Remedies for Ailing Market
Nov 11 2002 // Three new reports published recently provide a sizeable assortment of diagnoses, prognoses, and remedies for increasingly volatile commercial insurance markets. When viewed as a compiled list of problems and solutions, one...
New Reports Prescribe Remedies for Ailing Insurance Markets
Nov 11 2002 // Three recently published reports provide a sizeable assortment of diagnoses, prognoses and remedies for increasingly volatile commercial insurance markets. 3Q Commercial Market Index The Council of Insurance Agents &...
S&P Cuts R&SA Group Ratings to ‘A-‘
Nov 8 2002 // Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on various operating entities of U.K.-based Royal & Sun Alliance...
S&P’s Lowers Chubb Corp. Ratings, Off Watch; Outlook Negative
Nov 7 2002 // Standard & Poor’s has lowered its counterparty credit and senior debt ratings on Chubb Corp. to single-‘A’-plus from double-‘A’-minus. In addition, the financial strength ratings on...
S&P Affirms Cincinnati Insurance Co ‘AA-‘ Ratings
Nov 7 2002 // Standard & Poor’s Ratings Services announced that it has affirmed its double-‘A’-minus counterparty credit and financial strength ratings on The Cincinnati Insurance Co., The Cincinnati Life...
S&P Lowers Ratings on Canada’s CGIC to ‘BBB-‘
Nov 6 2002 // Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit and financial strength ratings, on Canadian property and casualty insurer Co-operators General Insurance Co....
S&P MidCap 400 To Add Brown & Brown
Nov 6 2002 // Standard & Poor’s announced that Florida’s Brown & Brown Inc. will replace Golden State Bancorp in the S&P MidCap 400 Index after the close of trading on a date to be announced. S&P 500...
S&P Revises Highlands Ratings After Bankruptcy Filing
Nov 5 2002 // Standard & Poor’s Ratings Services revised the financial strength ratings of Highlands Insurance Co. and its subsidiairies from triple-“Cpi” to “R” after the firm’s holding company,...
S&P’s Lowers American Compensation Co. Ratings
Nov 5 2002 // Standard & Poor’s has lowered its financial strength rating on American Compensation Insurance Co. (ACIC) to single-‘Bpi’ from triple-‘Bpi’ because for year-end 2001 and 2000, ACIC had a...
S&P’s Removes from Watch and Affirms USI Holdings Ratings
Nov 1 2002 // Standard & Poor’s has removed from CreditWatch and affirmed its single- ‘B’-plus ratings on San Francisco-based USI Holdings Corp. (USI) after the company successfully completed its IPO, selling 9...
S&P’s Places Aon Corp. Ratings on CreditWatch Negative
Nov 1 2002 // Standard & Poor’s has placed its ratings on Aon Corp., including its single-‘A’-minus counterparty credit rating, on CreditWatch with negative implications following the company’s third-quarter...
S&P Affirms Groupama ‘A’ Ratings
Nov 1 2002 // Standard & Poor’s Ratings Services announced that it has affirmed its single-‘A’ long-term insurer financial strength and counterparty credit ratings on the French mutual insurance group Caisse...
S&P’s: Sophistication is Key to Market Stability
Oct 28 2002 // Standard & Poor’s said that the growing sophistication of the global insurance industry could potentially lead to a dramatic change away from the historic highs and lows of cyclical underwriting, smoothing the...
ERC on CreditWatch
Oct 28 2002 // Standard & Poor’s Ratings Services placed its “AA+” counterparty credit and financial strength ratings on Employers Reinsurance Corp. and its wholly owned subsidiaries (collectively referred to as...
S&P Affirms Converium Ratings, Revises Outlook to Negative
Oct 24 2002 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Switzerland’s Converium Group to negative from stable, while reaffirming its single-‘A’-plus long-term...
S&P Downgrades SCOR Ratings to ‘A’ from ‘A+’
Oct 22 2002 // Standard & Poor’s Ratings Services announced that it has lowered its long-term insurer financial strength and counterparty credit ratings on France’s SCOR and its subsidiaries to single-‘A’...
S&P’s: Federal Terrorism Coverage a Concern for Insurer Ratings
Oct 22 2002 // The introduction of federal terrorism coverage could tempt some insurers into taking on exposure irresponsibly and have the perverse effect of casting doubt on ratings, according to a Standard & Poor’s...
S&P’s Withdraws Republic Western Ins. and Related Rtgs
Oct 21 2002 // Standard & Poor’s Ratings Services said that it lowered its counterparty credit and financial strength ratings on Republic Western Insurance Co. and Oxford Life Insurance Co. to single-‘Bpi’ from...
Ratings Roundup: S&P Lowers Eureko; A.M. Best Lowers Gerling and Trenwick
Oct 21 2002 // Standard & Poor’s has lowered its ratings on the Netherlands-based Eureko insurance group to single-‘A’-plus from double-‘A’-minus, while A.M. Best announced that it has lowered its...
S&P Affirms NRMA, IAGNZ ‘AA’ Ratings
Oct 18 2002 // Standard & Poor’s announced that it has affirmed its double-‘A’ long-term insurer financial strength and counterparty credit ratings on NRMA Insurance Ltd. and IAG New Zealand Ltd., with a...
