All the headlines from our S&P Topic Page, ordered by recency.
Mar 3 2009 // A.M. Best Co. and Standard & Poor’s Ratings Services have both issued statements in relation to American International Group’s announcement of a $61.7 billion fourth quarter loss, and the subsequent...
Mar 2 2009 // Standard & Poor’s Ratings Services has stated that its ratings and outlook on Germany’s Allianz SE (AZSE – rated AA/Stable/A-1+) and various core operating entities “are unaffected by the...
Feb 13 2009 // Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on Customer Asset Protection Co. (CAPCO) to ‘B-‘ from ‘BB’. S&P has also removed...
Feb 13 2009 // A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘B++’ (Good) from ‘A-‘ (Excellent) and the issuer credit rating (ICR) to “bbb+” from “a-” of The Fuji Fire...
Feb 12 2009 // Standard & Poor’s Ratings Services has affirmed its ‘BBB+’ counterparty credit rating on XL Capital Ltd. and its ‘A’ counterparty credit and financial strength ratings on XL’s core...
Feb 12 2009 // Standard & Poor’s Ratings Services has revised its outlook on Los Angeles-based Mercury General Corp. and units to negative from stable. S&P also affirmed its ‘A-‘ counterparty credit and senior...
Feb 11 2009 // Standard & Poor’s Ratings Services has lowered its long-term counterparty credit and senior unsecured debt ratings on Toronto-based specialty insurance provider Kingsway Financial Services Inc. S&P also...
Feb 10 2009 // Standard & Poor’s Ratings Services has lowered its counterparty credit rating on Hartford Financial Services Group (HIG) to ‘A-‘ from ‘A’. S&P also placed its ratings on HIG and its...
Feb 9 2009 // Thailand’s Bank of Ayudhya Public Company Limited (BAY) and American International Group, Inc. (AIG) announced an agreement under which BAY will acquire AIG Retail Bank Public Company Limited and AIG Card (Thailand)...
Feb 6 2009 // Reactions from the rating agencies to Swiss Re’s announcement of further losses (See IJ web site – https://www.insurancejournal.com/news/international/2009/02/05/97610.htm) has been swift.A.M. Best announced...
Feb 5 2009 // In a report entitled “A Testing 2009 For The Irish Non-Life Insurance Market, Despite Fundamental Strengths,” Standard & Poor’s Ratings Services forecast a “difficult year ahead for the Irish...
Feb 5 2009 // Standard & Poor’s Ratings Services has announced various ratings actions on several subsidiaries of the American International Group.“These actions follow AIG’s decision to revise or terminate...
Feb 5 2009 // Standard & Poor’s Ratings Services has assigned its ‘AA-‘ counterparty credit and financial strength ratings to Philadelphia Indemnity Insurance Co. and its sister company, Philadelphia Insurance Co....
Feb 4 2009 // A report from Standard & Poor’s Ratings Services entitled, “Tough Times Will Challenge Russian Insurers In 2009-2010”, published on its RatingsDirect web site, concludes that “Russia’s...
Feb 4 2009 // Standard & Poor’s Ratings Services has indicated that its ‘BBB’ counterparty credit rating on Markel Corp (MKL) “is not affected by today’s announcement of fourth quarter 2008...
Feb 4 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 Bermuda-based New...
Feb 3 2009 // Standard & Poor’s Ratings Services has raised its counterparty credit and senior unsecured debt ratings on Bermuda-based insurance and reinsurance holding company AXIS Capital Holdings Ltd. to ‘A-‘...
Feb 3 2009 // Standard & Poor’s Ratings Services announced that its “ratings on Emerson Re Ltd.’s three bank loans are unaffected by CIG Reinsurance Ltd. and New Castle Re Ltd.’s (collectively the cedents)...
Feb 3 2009 // A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Swiss Reinsurance Company Canada and has assigned a category NR-5 (Not...
Feb 2 2009 // Standard & Poor’s Ratings Services announced that it has withdrawn its ‘A-‘ long-term counterparty credit and insurer financial strength ratings on Italy-based composite insurer Aurora Assicurazioni...