All the headlines from our S&P Topic Page, ordered by recency.
Mar 12 2008 // Standard & Poor’s Ratings Services has revised its outlook on Cunningham Lindsey Group Inc. (LIN) to stable from negative. S&P also affirmed its ‘B-‘ counterparty credit rating on LIN. The...
Mar 11 2008 // Fitch Ratings has downgraded CIFG to ‘AA-‘ from ‘AAA’ and kept the ratings on Rating Watch Negative. The downgrade affects the Insurer Financial Strength (IFS) ratings for CIFG Guaranty and...
Mar 7 2008 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit rating on Alleghany Corp. by one notch to ‘BBB’ from ‘BBB+’ and assigned a stable...
Feb 27 2008 // Standard & Poor’s Ratings Services has issued another bulletin, following yesterday’s rating announcements (See IJ web site –...
Feb 27 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of United Fire & Casualty Group and its five P/C members, which...
Feb 26 2008 // Standard & Poor’s Ratings Services announced several rating actions on a number of monoline bond insurers “following additional stress tests with respect to their domestic nonprime mortgage...
Feb 26 2008 // Standard & Poor’s Ratings Services indicated that its financial strength and long-term counterparty credit ratings on Japan’s Aioi Insurance Co. Ltd. (‘A+’ – stable outlook) “would...
Feb 26 2008 // MBIA Inc., the world’s largest bond insurer, held onto its top credit ratings from Standard & Poor’s Monday, in a development that soothed stock and bond investors fearing downgrades would roil capital...
Feb 24 2008 // While American International Group Inc. sought to downplay its miscalculation of losses on a derivatives portfolio as not “material to the company,” Wall Street was abuzz with speculation over whether the...
Feb 22 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Bermuda-based Empyrean Re Ltd. with a stable outlook. “The ratings are...
Feb 20 2008 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa” of the Progressive Agency Pool, Progressive Direct Pool and Progressive...
Feb 19 2008 // A.M. Best Co. and Standard & Poor’s Ratings Services have taken slightly different views of France’s AXA Group’s agreement to purchase 100 percent of the share capital of the ING Group’s...
Feb 19 2008 // Standard & Poor’s Ratings Services has placed its ‘AA’ rating on BluePoint Re Ltd., its ‘AAA’ rating on Channel Reinsurance Ltd., and its ‘AAA’ rating on RAM Reinsurance Co....
Feb 15 2008 // Standard & Poor’s Ratings Services has issued a blanket bulletin outlining the rating actions, which it notes are “mostly unfavorable,” on several U.S. mortgage insurers and their core and dependent...
Feb 13 2008 // A.M. Best Co. has assigned a financial strength rating of ‘A ‘(Excellent) and issuer credit rating (ICR) of “a” to CIBC Reinsurance Company Limited (CIBC Re), based in St. Michael, Barbados, with a...
Feb 12 2008 // While American International Group Inc. sought to downplay its miscalculation of losses on a derivatives portfolio as not “material to the company,” Wall Street was abuzz with speculation over whether the...
Feb 12 2008 // American International Group Inc. may be quite sanguine about its financial outlook (See related article), but Standard & Poor’s Ratings Services isn’t quite as confident. S&P announced that it has...
Feb 11 2008 // Standard & Poor’s Ratings Services has published an article which states that Bermuda-domiciled insurance companies will face increasing competition from other regions of the world.The article –...
Feb 8 2008 // Bermuda’s ACE Limited announced that, “subject to market conditions, its subsidiary, ACE INA Holdings Inc., intends to sell up to $300 million of senior notes. The notes will be fully and unconditionally...
Feb 8 2008 // Standard & Poor’s Ratings Services has revised the outlook on the long-term counterparty credit and insurer financial strengths ratings on Gibraltar-based non-life insurer Southern Rock Insurance Co. Ltd. to...