All the headlines from our S&P Topic Page, ordered by recency.
Sep 16 2009 // XL Capital Ltd announced that the Company and its Chief Financial Officer, Brian Nocco, have agreed that he will leave XL effective after year end.Nocco has served as XL’s CFO since July 2007. He has agreed to remain...
Sep 9 2009 // Neither Standard & Poor’s Ratings Services, nor A.M. Best anticipate any changes in their ratings on Toronto-based Fairfax Financial Holdings Ltd. As a result of the Company’s announced decision to acquire...
Sep 9 2009 // Standard & Poor’s Ratings Services has lowered its counterparty credit rating on Bermuda-based IPC Holdings Ltd. to ‘BBB-‘ from ‘BBB’ and removed it from CreditWatch, where it was placed...
Sep 8 2009 // Standard & Poor’s Ratings Services has revised its outlook on Allianz Insurance JSC (Allianz Russia) to negative from stable and affirmed its ‘BBB-‘ long-term counterparty credit and insurer...
Sep 4 2009 // Standard & Poor’s Ratings Services has lowered its long-term counterparty credit ratings on The Netherlands-based ING Groep N.V. and ING Verzekeringen N.V. to ‘A’ from ‘A+’ and its long-...
Sep 4 2009 // A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to Bermuda-based Dah Sing Insurance Company Limited (DSI) with stable outlooks. “The...
Sep 3 2009 // A report from Standard & Poor’s Paris office – The Sukuk Market Has Continued To Progress In 2009 Despite Some Roadblocks – notes that new issues of “sukuk (bonds compliant with Islamic law)...
Sep 3 2009 // Credit rating agencies may find it harder to argue that their opinions deserve free speech protection after a judge rejected efforts by Moody’s Investors Service and Standard & Poor’s to dismiss a fraud...
Sep 2 2009 // Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on Selective Insurance Co. of America and its insurance company affiliates (collectively referred to as...
Aug 26 2009 // Standard & Poor’s Ratings Services has assigned its ‘A-‘ counterparty credit and financial strength ratings on Max Capital Group Ltd.’s operating insurance and reinsurance companies. S&P...
Aug 18 2009 // Standard & Poor’s Ratings Services and A.M. Best Co. have both assigned ratings to the C$400 million (US $368 million) 7.5 percent senior unsecured fixed rate notes due 2019 to be issued by Fairfax Financial...
Aug 18 2009 // Standard & Poor’s Ratings Services has assigned its ‘A+’ counterparty credit and financial strength ratings to Glencoe Insurance Ltd., Stonington Insurance Co., Lantana Insurance Ltd., and Stonington...
Jul 23 2009 // Standard & Poor’s Ratings Services has revised its outlook to stable from negative on Netherlands-based commercial lines insurer Fortis Corporate Insurance N.V. (FCI), and affirmed its ‘A-‘ long-term...
Jul 22 2009 // Standard & Poor’s Ratings Services has assigned its ‘A+’ counterparty credit and financial strength ratings to QBE Specialty Insurance Co. (QSIC) with a stable outlook. “We view QSIC to be a...
Jul 21 2009 // Standard & Poor’s Ratings Services announced that it has lowered its ratings on six natural peril catastrophe bonds issued in 2007 and 2008, as listed below.The bulletin said: “We lowered our ratings by...
Jul 16 2009 // Calpers, the biggest U.S. public pension fund, has sued the three largest credit rating agencies for giving perfect grades to securities that later suffered huge subprime mortgage losses.The California Public...
Jul 15 2009 // Standard & Poor’s Ratings Services has affirmed its ‘A+’ long-term counterparty credit and insurer financial strength ratings on various operating companies belonging to global reinsurer Swiss...
Jul 13 2009 // Standard & Poor’s Ratings Services has revised its outlook on Bermuda-based insurance and reinsurance holding company Arch Capital Group Ltd.(ACGL) and its operating subsidiaries to positive from stable....
Jul 13 2009 // Standard & Poor’s Ratings Services has revised its outlook on Bermuda-based insurance and reinsurance holding company Validus Holdings Ltd. to positive from stable, and has affirmed its ‘BBB-‘...
Jul 9 2009 // Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on the personal lines operating insurance units of 21st Century Insurance Group and American International...