All the headlines from our S&P Topic Page, ordered by recency.
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...
Jun 13 2006 // Standard & Poor’s Ratings Services has lowered its long-term counterparty credit and insurer financial strength ratings on Swiss Reinsurance Co. and its core entities to “AA-” from “AA”...
Jun 13 2006 // Standard & Poor’s Ratings Services has affirmed its “BBB-” long-term counterparty credit and senior unsecured debt ratings on Toronto-based Kingsway Financial Services Inc. with a stable...
Jun 8 2006 // Standard & Poor’s Ratings Services has lowered its subordinated debt rating on Avalon Re Ltd.’s Series C variable rate notes, which are due June 6, 2008, to “CCC-” from “B.”...
Jun 8 2006 // Triple “A” ratings have been on the endangered species list for some time, but they do still exist. Standard & Poor’s Ratings Services has just affirmed its ‘AAA’ long-term counterparty...
Jun 8 2006 // Standard & Poor’s Ratings Services said it is changing its process for evaluating the terrorism exposure of insurers and reinsurers.The updated process is partly a response to the increased insurance retentions...
Jun 7 2006 // Standard & Poor’s Ratings Services has assigned its senior secured debt ratings to the principal at-risk variable-rate notes issued under Swiss Reinsurance Co.’s Successor shelf program (See previous...
Jun 7 2006 // Standard & Poor’s Ratings Services has placed its “A” financial strength rating on Employers Reassurance Corp. (ERAC), a subsidiary of GE Insurance Solutions (GEIS) on CreditWatch with developing...
Jun 6 2006 // Standard & Poor’s Ratings Services has revised its outlook on Polish non-life insurer Powszechny Zaklad Ubezpieczen S.A. (PZU S.A.) and life insurer Powszechny Zaklad Ubezpieczen na Zycie S.A. (PZU Zycie), core...
Jun 6 2006 // Standard & Poor’s Ratings Services has assigned its “A-” long-term counterparty credit and insurer financial strength ratings to Dubai-based Arab Orient Insurance Co. (PSC) (AOIC) with a stable...
Jun 6 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 1 2006 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Oslo-based non-life insurer Bluewater Insurance ASA to “BBB” from...
Jun 1 2006 // Spain’s largest domestic insurance group, Sistema Mapfre, announced a major structural reorganization, which will eventually result in all of the Group’s activities being concentrated in its publicly traded...
Jun 1 2006 // Standard & Poor’s Ratings Services has revised its outlook on Mercury Casualty Co. (Mercury Casualty), Mercury Insurance Co. (Mercury Insurance), and Mercury Insurance Co. of Florida (collectively referred to as...