All the headlines from our S&P Topic Page, ordered by recency.
Mar 21 2001 // Standard and Poor’s is making changes to the way it evaluates the financial strength of insurance companies.At the company’s annual Financial Services Seminar in Las Vegas, Steve Dreyer, the newly appointed...
Mar 16 2001 // Australia’s HIH Insurance has placed itself in provisional liquidation following its failure to obtain sufficient funds to continue operations. Administrators at KPMG, an international accounting and consulting firm,...
Mar 16 2001 // Australia’s HIH Insurance has placed itself in provisional liquidation following its failure to obtain sufficient funds to continue operations. Administrators at KPMG, an international accounting and consulting firm,...
Mar 15 2001 // International rating agency Standard & Poor’s announced that had affirmed “it’s double-‘A’ long-term counterparty credit and financial strength ratings and its...
Feb 28 2001 // According to a recently published study conducted by Standard & Poor’s, the number of U.S. insurers that failed in 2000 increased to 56, compared with 40 in 1999. Of the 56 failures, 31 were property/casualty...
Feb 28 2001 // Standard & Poor’s has lowered its financial strength rating on Western Mutual Insurance Co. to triple-‘Cpi’ from double-‘Bpi.’This rating action reflects continued deterioration in the...
Feb 26 2001 // The “AApi” FSR on Sentry Insurance, a Mutual Co. (SIAMCO) was affirmed by S&P. The rating action also applies to related pool members Dairyland Ins. Co. and Middlesex Ins. Co., and fully reinsured...
Feb 21 2001 // Standard & Poor’s has placed its single-‘A’ counterparty credit and financial strength ratings on Star Insurance Co. and its wholly owned subsidiary, Savers Property & Casualty Insurance Co....
Feb 12 2001 // The “AA+” counterparty credit rating and FSR on Amica Mutual Insurance Co. was affirmed by S&P. The rating action is also applicable to the company’s subsidiaries Amica Lloyds of Texas and Amica Life...
Jan 22 2001 // Standard & Poor’s has placed its ratings on Markel Corp. and related entities on CreditWatch with negative implications. These rating actions are based on Standard & Poor’s concerns about prospective...
Jan 17 2001 // Standard & Poor’s international rating service quickly reaffirmed Barclays Bank’s “AA/Stable/A-I+” rating and life and pension insurer L&G’s ratings, “in the...
Jan 17 2001 // In a recent chat with BusinessWeek Online and Standard & Poor’s on America Online, Kenneth A. Shea, vice president and director of Standard & Poor’s Equity Research & Services, presented a...
Jan 1 2001 // Standard & Poor’s assigned its “‘double-A plus long- term counterparty credit and insurer financial strength ratings to ING Re(Netherlands) N.V.,” reflecting its core position within the ING...
Dec 25 2000 // The “BBBpi” FSR on American Safety Casualty Insurance Co. was affirmed by S&P. The company’s extremely strong capitalization and five-year average return on revenue were cited as key factors in the...
Dec 19 2000 // Credit rating agency Standard & Poor’s affirmed the double ‘A’ ratings of Zurich Re (Koln), a reinsurance division of Zurich Financial Services, but changed the outlook from stable to negative. The...
Dec 11 2000 // Fremont General Corp. and related entities are now under the increased regulatory oversight of the California Department of Insurance (CDI), and the three big rating organizations are not taking this as a good sign. A.M....
Dec 7 2000 // Standard & Poor’s rating Services and Fitch, Inc. gave XL’s financial guarantee insurance operations a big endorsement with Triple A ratings for both XL Capital Assurance, the primary insurer, and XL...
Dec 1 2000 // Standard & Poor’s has removed Fremont General Corp. and related entities from Credit Watch. These ratings had been placed on CreditWatch on May 8, with negative implications. Subsequently, Standard &...
Nov 6 2000 // Standard & Poor’s has affirmed its single A+ insurer financial strength rating on U.K.-based Lloyd’s Insurance Market, reflecting a judgement made by the U.K. High Court in favor of Lloyd’s. The...
Oct 17 2000 // Standard & Poor’s rating service announced that it had “lowered its long-term counterparty credit and financial strength ratings on U.K. insurer Cornhill Insurance PLC (Cornhill) to double...