All the headlines from our S&P Topic Page, ordered by recency.
Oct 18 2006 // Swiss-based reinsurer Converium AG has reached agreement with National Indemnity, a Berkshire Hathaway company, to sell its North American operations for $295 million comprised of $95 million in cash and $200 million in...
Sep 26 2006 // Standard & Poor’s Ratings Services said that its ratings on USI Holdings Corp. (BB-/Negative/–) were not affected by the company’s plans to raise $100 million under the accordion feature its existing...
Sep 21 2006 // Standard & Poor’s Ratings Services said that it is taking no rating action on Marsh & McLennan Companies (BBB/Negative/A-2) following the firm’s decision to, as MMC phrased it, “do a market...
Aug 21 2006 // Standard & Poor’s Ratings Services reported that it revised its counterparty credit rating on Atlantic Mutual Insurance Co. to ‘R’ from ‘B+’ and its surplus note rating to ‘D’...
Jul 30 2006 // Standard & Poor’s Ratings Services revised its outlook on China’s insurance sector to positive from developing to reflect expectations that the financial strength of the overall industry will improve over...
Jul 6 2006 // A new report from Standard & Poor’s Ratings Services – “Non-Life Insurance Industry Risk Analysis: Denmark {Kingdom of}” – concludes that economic and industry risk are moderately low in...
Jul 6 2006 // Standard & Poor’s Ratings Services has affirmed its “A” long-term counterparty credit and insurer financial strength ratings on Norway’s marine insurer Norwegian Hull Club (NHC or the club)...
Jul 6 2006 // Standard & Poor’s Ratings Services has raised its counterparty credit and insurer financial strength ratings on Ming An Insurance Co. (Hong Kong) Ltd. to “BBB” from “BB+” after the...
Jul 4 2006 // Despite recent adversity and scrutiny faced by the insurance industry, financial ratings for companies appear on the upswing.“For the first time that I can remember we have a period where none of the sectors that we...
Jun 28 2006 // The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined ratio — a key...
Jun 20 2006 // Standard & Poor’s Ratings Services has assigned its “B+” long-term counterparty credit and insurer financial strength ratings and its “kzBBB” Kazakhstan national scale rating to...
Jun 19 2006 // Safeco Outlook Positive Standard & Poor’s Ratings Services affirmed its “A+” counterpart credit and financial strength ratings on the Safeco Intercompany Pool members. S&P also affirmed its...
Jun 19 2006 // At the midpoint of 2006, many commercial insurers are generating exceptional earnings, according to an article published by Standard & Poor’s Ratings Services. The article, which is titled “U.S. Commercial...
Jun 19 2006 // Last fall’s disastrous hurricanes provided some rough times for the catastrophe modeling industry. Consequently the principal cat modelers — Applied Insurance Research, EQE International’s EQECAT, and...
Jun 19 2006 // Safeco Outlook PositiveStandard & Poor’s Ratings Services affirmed its “A+” counterpart credit and financial strength ratings on the Safeco Intercompany Pool members. S&P also affirmed its...
Jun 16 2006 // The Hartford Financial Services Group has entered into an agreement with Equitas, the Lloyd’s runoff vehicle, and all Lloyd’s syndicates reinsured by Equitas that “resolves, with minor exception, all of...
Jun 15 2006 // Standard & Poor’s Ratings Services has lowered its long-term counterparty credit and insurer financial strength ratings on Oslo-based Industriforsikring a.s. (INF) to ‘A-‘ from ‘A’, and...
Jun 14 2006 // Standard & Poor’s Ratings Services reacted quickly to the announcement that AXA and Credit Suisse have reached an agreement to sell Winterthur, the Swiss bank’s insurance division to the French insurer for...
Jun 14 2006 // Benfield, an independent reinsurance and risk intermediary, has appointed Mohammed Ashab as senior vice president to its Financial Consulting practice. Before joining Benfield, Ashab was a director at Standard and...
Jun 14 2006 // Whether in the U.S., the U.K., Bermuda, or elsewhere, the message from reinsurance companies is the same: demand is up, and capacity is down.However, it is still a lively market, with alternative capital sources such as...