Latest S&P Headlines

All the headlines from our S&P Topic Page, ordered by recency.

S&P Affirms PartnerRe ‘A’ Ratings

Oct 27 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its “A” counterparty credit rating on Bermuda-based reinsurer PartnerRe Ltd. (PRE). S&P also affirmed its “AA-”...

S&P Affirms CIRe ‘A-‘ Ratings

Oct 26 2005 // Standard & Poor’s Ratings Services announced from its Hong Kong office that it has affirmed its “A-” insurer financial strength and counterparty credit ratings on China International Reinsurance Co....

S&P Evaluates Effect of EU Regulations on Europe’s Insurers

Oct 24 2005 // Standard & Poor’s Ratings Services has published a study of the effects of new regulations on European insurers, which concludes that the regulations and structural developments within the sector “are...

S&P Sees No Effect on Fireman’s Fund Ratings After Reserve Increase

Oct 24 2005 // Standard & Poor’s Ratings Services has issued a statement on Fireman’s Fund Insurance Co.’s announcement that it is increasing its asbestos reserves and reserves for uncollectible reinsurance related...

S&P Comments on Wilma’s Potential Impact on Florida Coverage

Oct 24 2005 // A statement, issued by Standard & Poor’s Ratings Services, notes that Florida has already sustained about $1 billion in insured losses during the current hurricane season. Hurricane Wilma is expected to hit...

S&P Withdraws Ratings of Atradius Subs Following Consolidation

Oct 21 2005 // Standard & Poor’s Ratings Services announced that it has withdrawn its “A” long-term counterparty credit and insurer financial strength ratings on German-based insurer Atradius Kreditversicherung AG...

S&P Rating Action on Odyssey Re

Oct 18 2005 // Standard & Poor’s Ratings Services announced that it has assigned its “BB” preferred stock rating to Odyssey Re Holding Corp.’s $50 million Series A and $50 million Series B perpetual preferred...

S&P Affirms AXA Re ‘AA-” Ratings

Oct 18 2005 // Standard & Poor’s Ratings Services announced from its Paris Office that it has affirmed its “AA-” insurer financial strength ratings on French reinsurer AXA Re and its subsidiaries Compagnie...

S&P Affirms R&SA ‘A-‘ Ratings

Oct 14 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its “A-” long-term counterparty credit and insurer financial strength ratings on the main operating entities of the U.K.’s...

S&P Raises If P&C Ratings to ‘A’

Oct 12 2005 // Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Sweden-based If P&C Insurance Ltd. (publ) and Finland-based If...

S&P Assigns IPC Holdings ‘BBB+’ Rating – CreditWatch/Negative

Oct 12 2005 // Standard & Poor’s Rating Services announced that it has assigned its “BBB+” counterparty credit rating to IPC Holdings Ltd. and placed the rating on CreditWatch with negative implications. The...

Austrian Insurers Need Better Risk Assessment Says S&P

Oct 11 2005 // Despite the fact that the Austrian insurance industry came off “relatively lightly from the recent summer floods,” Standard & Poor’s Ratings Services said it “believes the event reinforces the...

S&P Finds ‘Positive Trends’ in European Insurance Market

Oct 11 2005 // Standard & Poor’s Ratings Services has published its quarterly analysis of the leading European insurers, entitled “Industry Report Card: European Insurance.” S&P found that positive trends in...

S&P Lowers PXRE Ratings

Sep 30 2005 // Standard & Poor’s Rating Services announced that it has lowered its counterparty credit and financial strength ratings on Bermuda-based PXRE Reinsurance Ltd. and U.S.-based PXRE Reinsurance Co. to...

S&P Revises Outlook on Global Reinsurers from Stable to Negative; To Hold Telephone Conference

Sep 29 2005 // Standard & Poor’s Ratings Services announced that it has revised its outlook on the global reinsurance industry to negative from stable. The news appears in a report, published today, entitled “Near-Term...

S&P Affirms AXIS Ratings; Comments on Katrina/Rita Impact

Sep 28 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its “BBB+” counterparty credit and senior debt ratings and “BBB” subordinated debt rating on Bermuda-based AXIS Capital...

S&P Affirms HSBC’s HK Insurance Co.’s Ratings; Raises Singapore

Sep 16 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its “AA-” long-term insurer financial strength and local currency counterparty credit ratings on Hong Kong-based HSBC Insurance...

S&P Raises Asia Ins. Outlook

Sep 16 2005 // Standard & Poor’s Ratings Services announced from its Hong Kong office that it has revised its outlook on Asia Insurance Co. Ltd. to stable from negative, and affirmed has its “A-” corporate credit...

S&P Sees Continued Profitability for NZ P/C Carriers

Sep 14 2005 // Profitability among New Zealand’s nonlife (P/C) insurers is expected to remain sound for the remainder of 2005 and into 2006, according to Standard & Poor’s latest report card on the sector.“These...

Alea Loses S&P ‘A’ Rating

Sep 12 2005 // Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on Alea Europe AG, Alea (Bermuda) Ltd., Alea Global Risk Ltd., Alea...