Latest S&P Headlines

All the headlines from our S&P Topic Page, ordered by recency.

S&P Revises Outlook on Credit Insurer Coface to Negative

Dec 22 2009 // Standard & Poor’s Ratings Services said today that it has revised its outlook on the core operating entities of French credit insurance group Coface to negative from stable. The core entities are: —...

S&P Raises Platinum Holdings Ratings to ‘BBB+’; Insurance Subs Rated ‘A’

Dec 21 2009 // Standard & Poor’s Ratings Services has raised its counterparty credit rating on Platinum Underwriting Holdings Ltd. to ‘BBB+’ from ‘BBB’. S&P also assigned its ‘A’...

S&P Upgrades Catlin’s Subsidiaries Ratings to ‘A’; Outlook Stable

Dec 15 2009 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on the following core subsidiaries of Bermuda-based Catlin Group Ltd. to ‘A’...

Ratings Recap: XL Europe, Wagram, NAGICO, AGS, ARIG

Dec 15 2009 // Standard & Poor’s Ratings Services announced that it withdrew its ‘A’ counterparty credit and financial strength ratings on XL Europe Ltd. on Dec. 10, 2009. “We withdrew the ratings because of...

Ratings Recap: WUEBA (Chartis), Solid, West of England Club, Coface, InterGlobal

Dec 11 2009 // A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘B++’ (Good) and issuer credit rating (ICR) of “bbb” of German insurer Wuerttembergische und Badische Versicherungs-AG (WUEBA) and...

Ratings Roundup: Novae, DAS Legal

Dec 9 2009 // A.M. Best Co. has downgraded the financial strength rating to ‘B++’ (Good) from ‘A-‘ (Excellent) and the issuer credit rating (ICR) to “bbb+” from “a-” of Novae Insurance...

S&P Revises Ratings Outlook on White Mountains, OneBeacon to Stable

Dec 7 2009 // Standard & Poor’s Ratings Services has revised its outlook on White Mountains Insurance Group Ltd. (WTM), OneBeacon Insurance Group Ltd. (OB), and the members of OneBeacon Insurance Group (OneBeacon) to stable...

Ratings Roundup: Oman, SNS REAAL, Caribbean Alliance

Dec 7 2009 // Standard & Poor’s Ratings Services has lowered its long-term counterparty credit and insurer financial strength ratings on United Arab Emirates (UAE)-based composite insurer Oman Insurance Co. (PSC) to...

S&P Upgrades Crum & Forster Ratings to ‘A-‘; Fairfax ‘BBB-‘ Rating Affirmed

Nov 23 2009 // Standard & Poor’s Ratings Services has raised its counterparty credit and financial strength ratings on Crum & Forster Insurance Co. and related entities to ‘A-‘ from ‘BBB+’....

S&P Puts Berkshire Hathaway on Credit Watch – Negative

Nov 5 2009 // Standard & Poor’s Ratings Services has placed its ratings on Berkshire Hathaway Inc. (BRK) and various affiliates on CreditWatch with negative implications following the company’s announcement that it will...

Ratings Recap: Arbella, Wayne Mutual, Arrowhead, Unique, Oswego County

Nov 4 2009 // A.M. Best Co. has upgraded the financial strength rating to ‘A-‘ (Excellent) from’ B++’ (Good) and issuer credit ratings to “a-” from “bbb+” of Arbella Insurance Group and...

Ratings Roundup: Harbor Point Re, Travelers (UK), Sovag

Nov 4 2009 // Standard & Poor’s Ratings Services has revised its outlook on Bermuda-based reinsurer Harbor Point Re Ltd. and its U.S.-based subsidiary Harbor Point Reinsurance U.S. Inc. to stable from negative. S&P also...

S&P Takes Rating Actions on ING Following Restructuring Plan

Oct 27 2009 // Standard & Poor’s Ratings Services announced various rating actions on ING Groep N.V. and subsidiaries, following completion of the European Commission (EC) investigation into state aid [See IJ web site –...

S&P ‘Refining and Adapting’ Insurers ERM ‘Adequate’ Assessments

Oct 21 2009 // Standard & Poor’s Rating Services is refining and adapting its methodology for assessing insurance companies’ enterprise risk management (ERM), as set out in a recently published article, “Expanded...

Ratings Recap: AXIS, Groupama (notes), Newport Bonding

Oct 19 2009 // Standard & Poor’s Ratings Services announced that “there’s no impact on the ratings on Bermuda-based insurance and reinsurance holding company AXIS Capital Holdings Ltd. (A-/Stable/—) and...

S&P Takes Rating Actions on Endurance Specialty and Subsidiaries

Oct 13 2009 // Standard & Poor’s Ratings Services has assigned its ‘A’ counterparty credit and financial strength ratings to Endurance American Insurance Co. (EAIC), American Merchants Casualty Co. (AMCC), and...

Ratings Recap: Starr Surplus, Wethaq, Unity Re, Ansvar

Oct 1 2009 // A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating of “a” to Chicago-based Starr Surplus Lines Insurance Company, a wholly owned subsidiary of...

S&P Lowers Kingsway’s ‘Unsolicited’ Ratings to ‘CCC+’

Sep 28 2009 // Standard & Poor’s Ratings Services has lowered its unsolicited long-term counterparty credit and senior unsecured debt ratings on Toronto-based specialty insurance provider Kingsway Financial Services Inc. to...

Ratings Recap: Berkley (Notes), Selective, Fire Districts, Crestbrook

Sep 23 2009 // A.M. Best Co. has assigned a debt rating of “a-” to the new issuance of $300 million 7.35 percent 10-year senior unsecured notes of W. R. Berkley Corporation, and has assigned them a stable outlook. Proceeds...

S&P Revises Outlook on Willis to Stable; Rates New Debt Issue ‘BBB-‘

Sep 23 2009 // Standard & Poor’s Ratings Services has revised its outlook on Willis Group Holdings Ltd. to stable from negative, and has affirmed our ‘BBB-‘ counterparty credit and senior unsecured debt ratings on...