All the headlines from our S&P Topic Page, ordered by recency.
Nov 14 2001 // Standard & Poor’s announced that it has lowered the counterparty credit and insurer financial strength ratings on U.K. insurer Royal & Sun Alliance and various operating entities from...
Nov 13 2001 // As Argentina’s debt crisis continues to deepen, international credit rating agency Standard & Poor’s issued a statement indicating that “U.S. insurers have negligible exposure to further defaults by...
Nov 13 2001 // Commercial insurers face a potentially untenable situation if the federal government fails to pass legislation that would help cushion terrorism costs to the industry by the end of November, and if state insurance...
Nov 12 2001 // Standard & Poor’s announced that it has affirmed all of its ratings on French composite insurer Groupama, except for two units which remain on CreditWatch with developing implications.S&P affirmed the...
Nov 12 2001 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on Prudential Property & Casualty Insurance Co. of Indiana (PRUPAC) to “A” from “A+.” The outlook is...
Nov 12 2001 // Standard & Poor’s (S&P) affirmed its “AA” counterparty credit and insurer financial strength rating (FSR) on the core operating companies of the CGNU Group. Concurrently, S&P raised its...
Nov 12 2001 // S&P lowered its counterparty credit rating and FSR on Trenwick America Reinsurance Corp., Trenwick International Ltd. (Trenwick International), Chartwell Ins. Co. (Chartwell), Insurance Corp. of NY, Dakota Specialty...
Nov 9 2001 // Standard & Poor’s removed from CreditWatch and lowered its counterparty credit and senior debt ratings on Chubb Corp. to “AA-” from “AA+”, its preferred stock rating to “A”...
Nov 6 2001 // Standard & Poor’s announced that it has removed Bermuda-based PartnerRe from its CreditWatch, and has affirmed the company’s single-‘A’-plus counterparty credit and single-‘A’-minus...
Nov 5 2001 // Standard & Poor’s announced that it has affirmed its single ‘A-‘minus long-term counterparty credit and insurer financial strength ratings on the operating subsidiaries of the Alea Group, and has...
Nov 5 2001 // Standard & Poor’s recently announced that reinsurers are reducing their emphasis on long-standing client relationships and adopting a more clinical approach to underwriting, as both the insurance and reinsurance...
Nov 5 2001 // Standard & Poor’s affirmed its “BBpi” financial strength rating (FSR) on Nationwide Lloyds.The affirmation is based on the accumulation of large underwriting losses as of year-end 2000, which is...
Nov 1 2001 // Despite the record losses terrorism wreaked on the insurance industry since the Sept. 11 attacks on the World Trade Center, the global insurance business not only remains on solid footing with the powerful backing of...
Oct 24 2001 // Lloyd’s confirmed an earlier report from Standard & Poor’s that gross losses from the events of September 11 will be around £5.4 billion ($7.7 billion). The net loss estimate of £1.3 billion...
Oct 24 2001 // Wholesale withdrawal from terrorism coverage is shielding the U.S. insurance industry from widespread rating actions following the September attacks, but it leaves U.S. commerce highly vulnerable to any future acts of a...
Oct 19 2001 // International ratings agency Standard & Poor’s announced that it has lowered its counterparty credit and financial strength ratings on “the core and strategically important operating companies of Trenwick...
Oct 18 2001 // International rating agency Standard & Poor’s affirmed its single-‘A’-plus counterparty credit rating and insurer financial strength ratings on reinsurance companies Converium Ltd., Zurich...
Oct 17 2001 // Standard & Poor’s announced that it now considered its CreditWatch already in place on Le Mans Re to be “developing” rather than “positive” primarily due to its loss estimates from the...
Oct 9 2001 // Standard & Poor’s affirmed its “BBBpi” financial strength rating on National Interstate Insurance Co., based in Richfield, Ohio. The rating action reflects the company’s good capitalization and...
Oct 8 2001 // The Hartford Financial Services Group Inc. plans to raise equity capital to replace its estimated $450 million reduction in shareholders’ equity from the World Trade Center disaster of Sept. 11. The company plans to...