Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P Affirms Mutual Steam Ship ‘AA-‘ Ratings
Jan 21 2002 // Standard & Poor’s has affirmed its double-‘A’-minus counterparty credit and insurer financial strength ratings on Bermuda-based insurer The Standard Steamship Owners’ P&I Association...
S&P Withdraws Ratings on Empire Group
Jan 18 2002 // Standard & Poor’s announced that it has withdrawn its double-‘B’-minus counterparty credit and financial strength ratings on Empire Insurance Co., Allcity Insurance Co., and Centurion Insurance Co.,...
S&P Downgrades Travelers P/C Corp.
Jan 14 2002 // Standard & Poor’s lowered its senior debt and preferred stock ratings on Travelers Property Casualty Corp. from “A+” and “A-” to “A” and “BBB,” respectively. At...
S&P Downgrades Travelers P/C Corp.
Jan 14 2002 // Standard & Poor’s lowered its senior debt and preferred stock ratings on Travelers Property Casualty Corp. from “A+” and “A-” to “A-“and “BBB,” respectively. At...
Mercury Assigned ‘AA’ Ratings
Jan 14 2002 // Standard & Poor’s assigned “AA” counterparty credit and financial strength ratings to Mercury Casualty Co., Mercury Insurance Co., and California Automobile Insurance Co. (collectively referred to as...
Study Analyzes Effects of 9/11 on Nationwide Workers’ Comp Insurers
Jan 11 2002 // According to a Standard & Poor’s study released Jan. 9, the effects of the Sept. 11 attacks are taking a toll on workers compensation insurers. Rates are ready to rise and it has become increasingly difficult...
S&P Reports Insurers to Cut Coverage for Losses
Jan 10 2002 // Several commercial insurers will cut coverage for losses caused by acts of terror, allowing 2001 policies to go unrenewed for 2002, Standard & Poor’s reported. It added that the withdrawal from the market will...
S&P Places MSI Europe on CreditWatch-Negative
Jan 8 2002 // Standard & Poor’s announced that it has placed Mitsui Sumitomo Insurance Co. (Europe) Ltd. (MSI Europe), formerly known as Mitsui Marine & Fire Ins. Co. (Europe) Ltd.’s double-‘A’...
S&P Affirms IPCRe’s ‘A+’ Ratings
Jan 7 2002 // Standard & Poor’s has affirmed its single-‘A’-plus counterparty credit and financial strength ratings on IPCRe Ltd. and revised its outlook on the Bermuda-based reinsurer to “stable” from...
S&P Rates SCOR’s Irish Sub ‘AA-‘
Dec 28 2001 // Standard & Poor’s announced that it has assigned its double-‘A’-minus insurer financial strength and counterparty credit ratings to newly created Dublin-based reinsurer Irish Reinsurance Partners...
PMA Raises $158 Million; S&P Affirms ‘A’ Ratings
Dec 27 2001 // Philadelphia-based PMA Capital Corporation announced that it has successfully completed a public offering of shares of Class A common stock, raising around $158 million in new capital. Standard & Poor’s also...
S&P Lowers Ratings on Hannover Re Group
Dec 27 2001 // Standard & Poor’s announced that has lowered its long-term counterparty credit and insurer financial strength ratings on Hannover Ruckversicherungs AG (Hannover Re), E+S Ruckversicherungs AG, International...
S&P Affirms Marsh & McLennan Cos.
Dec 24 2001 // Standard & Poor’s affirmed its ratings on Marsh & McLennan Companies (MMC). The outlook has been revised to stable from negative. The rating actions reflect the diversity and strength of MMC’s various...
S&P Lowers Atlantic Mutual
Dec 24 2001 // Standard & Poor’s lowered its various ratings on Atlantic Mutual Insurance Co. and its subsidiaries. At the same time, S&P revised its outlook on these companies to stable from negative. The ratings actions...
XL Puts Enron Loss Exposure at $75 Million; S&P Affirms ‘A+ Ratings
Dec 21 2001 // Bermuda’s XL Capital Ltd. announced that its estimated net aggregate insurance and reinsurance underwriting exposures in connection with the bankruptcy of Enron could total approximately $75 million before taxes....
S&P Lowers Liberty Mutual Ratings, Removes from CreditWatch
Dec 21 2001 // Standard & Poor’s announced that it had lowered its rating on Liberty Mutual Insurance Co. and most of its operating entities – for the most part from double-‘A’-minus to...
S&P Affirms SCOR Ratings, Off CreditWatch – Assigns Alea ‘BBB’ Rating
Dec 20 2001 // Standard & Poor’s affirmed its ratings on French reinsurer SCOR and its subsidiaries and removed them from CreditWatch. It also assigned a triple-‘B’-minus counterparty credit rating to Alea Group...
S&P’s Notes Negative Trends may turn around
Dec 19 2001 // Negative trends in the U.S. Personal Lines Insurance Industry, such as the deterioration in earnings, capitalization, and pricing adequacy, could begin to see a turn around in 2002, Standard & Poor’s points out...
High Ratings for Allianz Debt by S&P, A.M. Best
Dec 19 2001 // Standard & Poor’s and A.M. Best have both given high ratings to new debt issues from Germany’s Allianz Group. S&P assigned its ‘A-1’-plus short-term debt rating to Allianz Finance...
S&P Lowers Atlantic Mutual
Dec 17 2001 // Standard & Poor’s lowered its various ratings on Atlantic Mutual Insurance Co. and its subsidiaries. At the same time, S&P revised its outlook on these companies to stable from negative. The ratings actions...
