All the headlines from our S&P Topic Page, ordered by recency.
Jul 24 2000 // Leucadia National Corp. backed out of its acquisition agreement with Reliance Group Holdings Inc. on July 13 under the deal’s current terms. The planned $293-million stock swap was first announced May 26.The...
Jul 10 2000 // The ‘AA+’ counterparty credit and financial strength ratings on the American General Financial group of insurance companies was affirmed by Standard & Poor’s (S&P). Concurrently, the...
Jul 7 2000 // Standard & Poor’s has lowered its ratings on Reliance Group Holdings Inc. (Reliance) and the members of the Reliance Insurance Co. Intercompany Pool. These ratings remain on CreditWatch, where they were placed...
Jun 27 2000 // Standard & Poor’s recently made announcements affirming the credit ratings of the French and U.K. insurers as follows:AXA – The report on France’s AXA Group affirmed its extremely strong financial...
Jun 23 2000 // Edward Emmer, former head of the corporate finance group, will head the new organization, which is being called the Capital Markets Focus Group until a new name is chosen. Ratings for financial institutions and insurance...
Jun 22 2000 // The following day, Kemper announced it would acquire the renewal rights to a portion of Reliance National’s book of business. Meanwhile, Standard & Poor’s has lowered its ratings on Reliance and related...
Jun 15 2000 // International financial rating agency Standard & Poor’s reaffirmed Lloyd’s overall A- insurer financial strength rating, and also ranked 95 of the 123 Lloyd’s syndicates, giving 11 of them it’s...
Jun 8 2000 // Reacting to the recent announcement that ING had resumed talks to acquire Aetna’s international and financial services’ business, rating agency Standard & Poor’s issued a “CreditWatch with...
Jun 7 2000 // International Rating Agency Standard & Poor’s announced that it was “maintaining its negative outlook on the Japanese nonlife insurance sector following the disclosure of the industry’s financial...
Jun 6 2000 // Standard & Poor’s announced several changes in ratings and outlook for insurers over the past week. Those concerning non-U.S. companies were as follows:SCOR Re: S & P took the company off the “credit...
Jun 1 2000 // Standard & Poor’s has lowered its ratings on Nationwide Mutual Insurance Co. and related entities. At the same time, S&P removed these ratings from CreditWatch, where they had been placed on March 30 with...
May 29 2000 // The “A+” counterparty credit and financial strength ratings on Legion Insurance Co., Legion Indemnity Co. and Villanova Insurance Co. were reaffirmed by Standard & Poor’s (S&P). The companies...
May 29 2000 // Although the California Department of Insurance (CDI) is still tied up in the defense of its Insurance Commissioner, the sale of Superior National Insurance Co. remains a high priority item on the department’s...
May 22 2000 // Citing consistent downward trends over the last three years, Standard & Poor’s Rating’s Services forecasts problems for German P&C insurers.“Underlying performance in the German...
May 16 2000 // The string of catastrophes in 1999—the worst year on record for the frequency of natural disasters—has hit the reinsurance industry solidly. This was compounded by weak premium rates, and retrocession recovery...
May 15 2000 // Standard & Poor’s CreditWatch announced that it had placed the counterparty credit and insurer financial strength ratings of European Specialty Reinsurance Group (ESG Re Ltd.) on credit watch with negative...
May 15 2000 // Standard & Poor’s (S&P) has placed its ratings on several insurance companies with significant exposure to the California workers’ comp market on CreditWatch with negative implications. These rating...
May 15 2000 // S&P affirmed the “BBpi” financial strength ratings on several stock companies, all members of the ULLICO Group (a mid-sized insurance group, ultimately owned by the privately held stock company, ULLICO...
May 15 2000 // The “AA+” long-term counterparty credit and insurer financial strength ratings on Zurich Insurance Co. were affirmed by S&P. The affirmation comes in the wake of the Switzerland-based company’s...
May 11 2000 // International technology giant ABB confirmed that Standard & Poor’s rating service has upgraded the “insurer financial and counterparty credit strength ratings” of its insurance subsidiary, Sirius...