All the headlines from our S&P Topic Page, ordered by recency.
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...
Jul 7 2009 // While Standard & Poor’s Ratings Services is positive in its outlook for PARIS RE (See related article), it is less so when it comes to the acquiring company, Bermuda-based PartnerRe. S&P said it has revised...
Jul 7 2009 // Both A.M. Best Co. and Standard & Poor’s Ratings Services have taken a positive outlook for their ratings on PARIS RE and its operating companies, following the announcement that the group would be acquired by...
Jun 19 2009 // Reno, Nev.-based Employers Holdings Inc. announced Standard & Poor’s will add it to the S&P 600 SmallCap Index. The S&P 600 is considered the preferred small capitalization-market index in the United...
Jun 18 2009 // Standard & Poor’s Ratings Services has assigned its ‘A+’ counterparty credit and financial strength ratings to Everest Reinsurance Co. (Ireland) Ltd. S&P also said the outlook on Everest Re...
Jun 17 2009 // Standard & Poor’s Ratings Services has placed its ‘BBB’ counterparty credit rating on Bermuda-based IPC Holdings Ltd. on CreditWatch with negative implications. S&P also placed its...
Jun 17 2009 // Standard & Poor’s Ratings Services has affirmed its ‘BBB-‘ counterparty credit rating on Max Capital Group Ltd. and removed it from CreditWatch, where it was placed on March 2, 2009.The outlook on...
Jun 10 2009 // Some property/casualty insurers might be in for a rude awakening with respect to their reserve practices, according to industry experts.The property/casualty insurance sector’s ability to properly estimate its loss...