All the headlines from our S&P Topic Page, ordered by recency.
Jan 18 2008 // Both A.M. Best Co. and Standard & Poor’s Ratings Services have released statements that they see no immediate changes in their respective ratings on RenaissanceRe, following yesterday’s announcement that...
Jan 17 2008 // Standard & Poor’s Ratings Services said today that news reports (See IJ web site) about the suspension issued to Allstate Corp. (ALL) by the Florida Insurance Commissioner that prohibit some of the companies...
Jan 16 2008 // Standard & Poor’s Ratings Services has affirmed its ‘AA-‘ financial strength rating on Westport Insurance Corp. and then withdrew the rating at the request of management. The outlook had been...
Jan 15 2008 // A.M. Best Co. indicated that the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Verlan Fire Insurance Company of Silver Spring, MD, are unchanged...
Jan 8 2008 // On Dec. 26, 2007, President George W. Bush signed into law the Terrorism Risk Insurance Program Reauthorization Act of 2007 (TRIPRA), thereby retaining the federal backstop for terrorism risk through Dec. 31, 2014.The...
Jan 7 2008 // Standard & Poor’s Ratings Services has revised its outlook on HMSC Corp., the intermediate holding company of Swett & Crawford Group Inc., to negative from stable, while also affirming its ‘B’...
Jan 7 2008 // Standard & Poor’s Ratings Services has revised its outlook on San Diego, Calif.-based Arrowhead General Insurance Agency Inc. to negative from stable. At the same time S&P affirmed its ‘B’...
Jan 7 2008 // Standard & Poor’s Ratings Services has affirmed its ‘BBB’ counterparty credit and senior debt ratings on Bermuda-based Allied World Assurance Co. Holdings Ltd. and affirmed its ‘A-‘...
Dec 27 2007 // Standard & Poor’s Ratings Services has assigned its ‘BB+’ debt ratings to the €200 million ($292 million) Class A Series 1 Principal At-Risk variable-rate notes due Jan. 10, 2011 issued by Green...
Dec 27 2007 // New York-based specialty insurer Navigators Group Inc. has been added to the S&P SmallCap 600 Index. The addition to the index, widely used by private investors and money managers, will be effective after the close of...
Dec 21 2007 // Standard & Poor’s Ratings Services has revised its ratings outlook on the counterparty and insurer financial strength ratings on Insurance Australia’s group of companies to negative from stable. S&P...
Dec 20 2007 // Standard & Poor’s Ratings Services has announced various ratings actions (see list below) on six financial guaranty insurance companies. “The rating actions were prompted by worsening expectations for the...
Dec 20 2007 // Standard & Poor’s Ratings Services joined A.M. Best in lowering its senior unsecured and long-term counterparty credit ratings on Toronto-based Kingsway Financial Services Inc. to ‘BB+’ from...
Dec 19 2007 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of National Grid Insurance Company Ltd. (NGICL), which is based on the Isle of Man, a...
Dec 18 2007 // Standard & Poor’s Ratings Services will hold a telephone conference call on Wednesday, Dec. 19, 2007 at 11:00 A.M. Eastern Time (5:00 P.M. -Europe; 4:00 P.M. UK). The conference will feature an overview of...
Dec 18 2007 // Standard & Poor’s Ratings Services has indicated that there will be “no impact on its ratings on Tokio Marine & Nichido Fire Insurance Co. Ltd. (AA/Stable/A-1+) following the company’s...
Dec 18 2007 // The rating agencies have generally been positive about ACE’s acquisition of Aon’s Combined Life Insurance Company and Munich Re’s purchase of Sterling Life. The specific reactions were as follows:A.M....
Dec 17 2007 // Standard & Poor’s Ratings Services has raised its counterparty credit rating on Bermuda-based RenaissanceRe Holdings Ltd. to ‘A’ from ‘A-,’ as well as its counterparty credit and...
Dec 14 2007 // A.M. Best Co. has assigned an issuer credit rating (ICR) of “a+” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of Canada’s Temple Insurance Company; has revised its...
Dec 13 2007 // Standard & Poor’s Ratings Services gave the American International Group a vote of confidence as it affirmed AIG’s ‘AA’ long-term counterparty rating and its ‘AA+’ counterparty...