All the headlines from our S&P Topic Page, ordered by recency.
Oct 10 2000 // While the earthquake which struck Western Japan last week was very strong, measuring 7.3 on the Japanese Meteorological Agency scale, it was extremely deep, and the epicenter was far from a major population center –...
Oct 6 2000 // Standard & Poor’s rating service affirmed its double ‘A’-minus, outlook negative counterparty credit and insurer financial strength ratings for The Chiyoda Fire and Marine Insurance Co. (Europe)...
Oct 5 2000 // Standard & Poor’s announced that it had lowered the financial strength and counterparty credit ratings to “single-A from single A plus” for CCAMA, the parent company of France’s Groupama...
Oct 2 2000 // A “BBBpi” FSR was assigned to The American Road Insurance Co. (ARI) by S&P. The company, which is licensed in 52 states, the District of Columbia and Canada, is a strategically important member of the...
Sep 22 2000 // Following yesterday’s announcement that Candover Investment Plc was pulling out of talks to acquire Reliance National Insurance Co. (Europe) Ltd., a subsidiary of U.S. insurer Reliance Group, Standard &...
Sep 19 2000 // Despite expected losses from 1997 through this year, Standard & Poor’s reaffirmed the Lloyd’s insurance market’s A+ insurer financial strength rating.S&P cited Lloyd’s “very strong...
Sep 19 2000 // Standard & Poor’s lowered its financial strength rating on The Millers Insurance Co. and its related pool member, The Millers Casualty Insurance Co. The companies are subsidiaries of Millers American Group based...
Sep 18 2000 // The “Bpi” financial strength rating on Corpa Reinsurance Company was affirmed by S&P. The company wrote property and casualty treaty reinsurance on fire and commercial multiple lines peril. However,...
Sep 4 2000 // American International Group Inc. (AIG) announced it made a definitive agreement to acquire HSB Group Inc. for a price of approximately $1.2 billion.“We think that the synergies are terrific, and we look forward to...
Sep 1 2000 // Standard & Poor’s (S&P) affirmed its triple-‘Bpi’ financial strength rating on Woodland Hills, Calif.-based Crusader Insurance Company. Key rating factors include the company’s extremely...
Aug 21 2000 // California’s largest workers’ comp carrier, State Compensation Insurance Fund (SCIF), was removed from Credit Watch status by Standard & Poor’s (S&P), which also reaffirmed the company’s...
Aug 21 2000 // The “BBpi” financial strength rating on Hemar Insurance Corp. of America was affirmed by S&P. The Hemar’s limited remaining business scope and earnings combined with volatile loss development and...
Aug 21 2000 // The “BBBpi” financial strength ratings on Heritage Mutual Insurance Co. (WI) and its wholly owned reinsured affiliate, Greatway Insurance Co., were affirmed by S&P. The company, a member of the Heritage...
Aug 16 2000 // Standard & Poor’s assigned on Tuesday its ‘R’ rating to Hamilton Insurance Co. This action follows news that the Commonwealth Court has granted the Pennsylvania Insurance Department’s petition...
Aug 14 2000 // Standard & Poor’s removed from CreditWatch and affirmed its ratings on Farmers Group Inc. (FGI) and the interactively rated members of the Farmers Insurance Exchange Intercompany Pool (Farmers).These ratings had...
Aug 10 2000 // A new report by Standard and Poor’s says the expansion of London-based insurance business is mostly taking place at Lloyd’s of London.The report, Insurance Market Profiles, says that, although the London market...
Aug 8 2000 // Standard & Poor’s (S&P) removed State Compensation Insurance Fund (SCIF), California’s largest workers’ comp carrier, from “Credit Watch” status and reaffirmed the company’s A...
Aug 7 2000 // A “CCCpi” financial strength rating was assigned to Superior Insurance Company by Standard & Poor”s (S&P). The rating action also applies to the company”s wholly owned and reinsured...
Aug 3 2000 // Standard & Poor’s today lowered its counterparty credit and insurer financial strength ratings on the U.K. specialist aviation insurance company Polygon Insurance Co. Ltd. (to triple-‘B’-minus from...
Aug 2 2000 // Standard & Poor’s today lowered its ratings on Fremont General Corp. (Fremont), Fremont General Financing I, and the members of the Fremont Comp Intercompany Pool (FCIP). These ratings remain on CreditWatch,...