All the headlines from our S&P Topic Page, ordered by recency.
Feb 23 2005 // Bermuda-based RenaissanceRe Holdings Ltd. announced that it is planning to restate its financial statements for the years ended December 31, 2001, 2002 and 2003 “to correct accounting errors associated with...
Feb 22 2005 // Standard & Poor’s Ratings Services announced that it has assigned its “A-” long-term counterparty credit and insurer financial strength ratings to Denmark’s non-life insurer Codan Forsikrings...
Feb 22 2005 // The Promina Group, Australia and New Zealand’s second largest general insurer, posted a 53.7 percent increase in net profits for 2004 to A$458 million (U.S. $360 million), despite a decision to increase its reserves...
Feb 18 2005 // The shareholders’ equity of many insurers and reinsurers is coming under greater pressure than anticipated as P/C losses from the 2004 hurricane season continue to rise with new estimates, according to a report by...
Feb 17 2005 // Standard & Poor’s Ratings Services announced that it is taking no action on its ratings on American International Group Inc. (currently rated “AAA”/Negative/”A-1+”) following the...
Feb 16 2005 // Standard & Poor’s Ratings Services announced today that it placed on CreditWatch with negative implications its ‘A’ counterparty credit and financial strength ratings on U.S.-based American...
Feb 8 2005 // For U.S. property/casualty insurers, periodic glimpses of rising profitability have been overshadowed by relentless price-cutting, natural and man-made catastrophes, and claims inflation. Following an unprecedented surge...
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 –...