All the headlines from our S&P Topic Page, ordered by recency.
Feb 3 2005 // Congress has yet to renew the government program that reinsures losses in the insurance industry from foreign terrorist attacks, and the possibility that this program might expire at the end of 2005 is already prompting...
Feb 2 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its “A” long-term counterparty credit and insurer financial strength ratings on Bermuda-based insurer The United Kingdom Mutual Steam...
Feb 2 2005 // Standard & Poor’s Ratings Services announced that it has assigned its preliminary “BB” senior debt, “BB-” subordinated debt, and “B+” preferred stock ratings to Fairfax...
Feb 2 2005 // Standard & Poor’s Ratings Services has published the first of its quarterly reports on the members and syndicates at Lloyd’s. The study follows confirmation that the world’s oldest insurance market...
Jan 28 2005 // Standard & Poor’s Ratings Services has assigned its ‘BBB’ counterparty credit and insurer financial strength ratings to Korea’s Hyundai Marine & Fire Insurance Co. Ltd. The outlook on the...
Jan 26 2005 // When six insurers,* led by Swiss Re, agreed to back Lloyd’s Central Fund with £500 million, with a maximum for any one year of £350 million (around $500 million at the time – $650 million currently) it seemed...
Jan 24 2005 // Standard & Poor’s Ratings Services announced that it has assigned its ‘B’ long-term counterparty credit and insurer financial strength ratings to Russia-based (re)insurer Moscow Reinsurance Co....
Jan 24 2005 // S&P revised its outlook on Ohio Casualty Corp. and the members of the Ohio Casualty Ins. Co. Intercompany Pool to positive from stable. S&P also affirmed its “BBB” counterparty credit and financial...
Jan 24 2005 // S&P lowered its counterparty credit and financial strength ratings on Best Meridian Ins. Co. and its subsidiary, Best Meridian International Ins. Co. to “BB+” from “BBB-” and assigned a stable...
Jan 20 2005 // Standard & Poor’s Ratings Services has issued a bulletin indicating that its ratings and outlook on the operating subsidiaries that comprise the Alea group – currently rated “A-” with a stable...
Jan 19 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its “AA+” long-term counterparty credit and insurer financial strength ratings on Guernsey-based Jupiter Insurance Ltd., the wholly...
Jan 18 2005 // ACE European Group confirmed that as of Jan.1, 2005 its belgian subsidiary, ACE Insurance S.A. N.V., has successfully transferred its insurance and reinsurance portfolio into ACE European Group Limited (AEG).“ACE...
Jan 18 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A’ long-term counterparty credit and insurer financial strength ratings on Assuranceforeningen Gard – gjensidig –...
Jan 13 2005 // Standard & Poor’s Ratings Services has published its biannual report card covering the world’s largest reinsurers. According to the report, reinsurers have held their resolve and have kept price cuts to...
Jan 11 2005 // Standard & Poor’s Ratings Services has issued a bulletin indicating that the recently announced $1.2 billion of incurred losses in 2004 for Oil Insurance Ltd. – currently rated “A+”/Negative;...
Jan 7 2005 // Standard & Poor’s Ratings Services came down a bit harder on ACE Limited’s ratings than A.M. Best following the announcement that the company would increase its reserves for asbestos and environmental...
Jan 5 2005 // Standard & Poor’s Ratings Services has issued a report entitled, “The Latin American Reinsurance Industry: Underdeveloped, With Potential,” which points out that the “underdeveloped Latin...
Jan 3 2005 // The commercial property market took a huge hit from four major hurricanes that struck the U.S. mainland this past year. The full effects may have yet to be felt, however, it looks like commercial property insurers came...
Jan 3 2005 // S&P announced that its “BBB” long-term counterparty credit and senior debt ratings on Marsh & McLennan Cos. will remain on CreditWatch negative.The decision follows the announcement that MMC closed on...
Dec 30 2004 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Best Meridian Insurance Co. (BMI) and its subsidiary, Best Meridian International...