Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P Raises ING Comercial America Ratings to ‘A-‘
Apr 19 2002 // Standard & Poor’s removed from CreditWatch and raised its counterparty credit and financial strength ratings on ING Comercial America Seguros S.A. de C.V. to single-‘A’-minus from...
Outlook Neg. for Monoline Re’s
Apr 15 2002 // S&P changed its outlook to negative from stable on monoline reinsurers Ace Guaranty Re Inc., Axa Re Finance S.A., Radian Reinsurance Inc., and RAM Reinsurance Co Ltd. The outlook assesses the potential direction of an...
S&P Affirms PXRE Ratings, Outlook Stable
Apr 8 2002 // Standard & Poor’s announced that it has removed from CreditWatch and affirmed all its ratings on Bermuda’s PXRE Corp., including its triple-‘B’ counterparty credit rating, “because of...
S&P Affirms ‘A’ Rating on RSA’s Trygg-Hansa, Revises Outlook to Negative
Apr 5 2002 // Standard & Poor’s affirmed its single-‘A’ counterparty credit and insurer financial strength ratings on Trygg-Hansa Forsakrings AB, Publikt, but announced that it had revised its outlook on the...
AXA Moves to Centralize Procurement; SP Rates Irish Sub ‘BBB’
Apr 4 2002 // France’s AXA Group, one of the world’s largest insurers, announced that it aims at optimizing the purchase of goods and services by AXA companies, and described the move as “one of the keys to the...
A.M. Best, S&P’s Change Ratings on Legion Insurance, Villanova Insurance
Apr 3 2002 // A.M. Best Co. has downgraded the financial strength rating to E (Under Regulatory Supervision) from B (Fair) for Legion Insurance Company and Villanova Insurance Company, Pa. The downgrade is tied in to the March 29...
S&P Withdraws Ratings on Brit Insurance by Request
Mar 29 2002 // Standard & Poor’s announced that it affirmed its single-‘A’-minus long-term counterparty credit and insurer financial strength ratings on Brit Insurance Ltd., and then withdrew the ratings at the...
S&P Hands National Auto & Casualty Insurance Co. ‘R’ Rating
Mar 28 2002 // Standard & Poor’s has assigned its ‘R’ financial strength rating to National Automobile & Casualty Insurance Co. after learning that California Insurance Commissioner Harry W. Low put the...
S&P Places Kemper Insurance Cos. Intercompany Pool on CreditWatch
Mar 27 2002 // Standard & Poor’s has placed its single-‘A’ counterparty credit and financial strength ratings on the members of property/casualty insurer Kemper Insurance Cos. Intercompany Pool on CreditWatch with...
S&P Report Warns Insurers on Financial Guarantees
Mar 22 2002 // Following Enron’s collapse and the lawsuit filed by JP Morgan Chase against several insurers, Standard & Poor’s undertook a thorough review of the risks involved in underwriting financial guarantees as...
S&P Affirms Allianz Group Ratings, Revises Outlook to Negative
Mar 21 2002 // Standard & Poor’s affirmed all its ratings on Germany’s Allianz group, including its double-‘A’-plus long-term counterparty credit and insurer financial strength ratings, and its...
Gerling Sale Plan Leads SP to Revise Outlook
Mar 20 2002 // As plans for the sale of a majority interest in Germany’s Gerling Group become clearer, Standard & Poor’s, while reaffirming the single-‘A’-plus long-term counterparty credit and insurer...
S&P Assigns White Mountain Insurance Group New Shelf Rating
Mar 20 2002 // Standard & Poor’s has assigned its triple-‘B’-minus preliminary rating to White Mountains Insurance Group Ltd.’s $1 billion shelf registration statement for indebtedness issued by Fund American...
Taiwan’s Insurers May Face Reinsurance Problems Says SP
Mar 19 2002 // Standard & Poor’s warned that Taiwan’s property and casualty insurance sector is “likely to face a tough year in 2002 due to hardening rates and structures offered by the global reinsurance market...
S&P Lowers Lawrenceville P/C’s Ratings to ‘Bpi’
Mar 15 2002 // Standard & Poor’s lowered its financial strength rating on medical insurer Lawrenceville Property and Casualty Co., a division of the troubled medical insurer MIIX Group, by two rating categories to...
Ohio Casualty Proposes Private Offering of Convertible Notes
Mar 14 2002 // Ohio Casualty Corporation announced it is seeking to raise, subject to market and other conditions, $125 million through a private offering of convertible notes. The offering by the Fairfield, Ohio company will be made...
S&P Downgrades Conn. Surety Co. in Response to Rehabilitation Order
Mar 12 2002 // Standard & Poor’s has revised its financial strength rating on Connecticut Surety Co. to ‘R’ in response to an order of rehabilitation obtained by Commissioner of Insurance Susan F. Cogswell. The new...
S&P Report Paints Bleak Picture for Argentine Insurance Industry
Mar 12 2002 // Standard & Poor’s recently released study of the Argentine insurance industry paints a grim picture for the country’s insurers, calling the situation, caused by the country’s economic crisis,...
S&P Places State Farm Ratings on WatchNeg
Mar 11 2002 // Standard & Poor’s has placed its triple-‘A’ financial strength ratings on all State Farm’s interactively rated operating companies on CreditWatch with negative implications, primarily because...
Lloyd’s Seems to be Weathering the Storm
Mar 11 2002 // After the record losses from the WTC attacks, two cash calls, a buffeting by the rating agencies, a proposed reorganization of its basic financial structure and an audit by the National Assoc-iation of Ins-urance...
