Latest S&P Headlines

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

S&P Rates IAG Notes ‘A-‘

Nov 22 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “A-” issue rating to the A$500 million (U.S. $392 million) issue of Reset Exchangeable Securities (RES) by the New Zealand branch...

S&P Raises White Mountains Group Outlook to Positive

Nov 22 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on White Mountains Insurance Group Ltd. (WTM), Fund American Cos. Inc., Folksamerica Reinsurance Co. and Sirius International...

CNA Financial Corp., Subs Have Ratings Affirmed

Nov 19 2004 // Standard & Poor’s Ratings Services has affirmed its ‘BBB-‘ counterparty credit rating on CNA Financial Corp. (NYSE:CNA) and its ‘A-‘ counterparty credit and financial strength ratings on...

S&P Report Explains Financial-Engineering Probe

Nov 17 2004 // Standard & Poor’s has issued a bulletin “in response to media reports that the New York Attorney General, the SEC, and other authorities are initiating new investigations of insurance companies in...

S&P Affirms Liberty Mutual Group Ratings

Nov 16 2004 // Standard & Poor’s Ratings Services has affirmed its ‘A’ counterparty credit and financial strength ratings on Liberty Mutual Insurance Co. and related entities (see ratings list). At the same time,...

S&P Affirms Fondiaria-SAI ‘BBB-‘ Ratings

Nov 11 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “BBB-” counterparty credit and insurer financial strength ratings on Italian composite insurance group Fondiaria-SAI SpA,...

S&P Raises Norwegian P&I Club Ratings to ‘BBB’

Nov 11 2004 // Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Oslo-based marine insurer Assuranceforeningen SKULD (Gjensidig) (Skuld...

S&P Affirms Tokio Marine Europe ‘AA-‘ Rating

Nov 11 2004 // Standard & Poor’s Rating Services announced that it has affirmed it’s “AA-” insurer financial strength rating on London-based Tokio Marine Europe Insurance Ltd. (TMEI), a wholly owned...

S&P Rates PartnerRe Preferred Stock Issue ‘BBB+’; Affirms Rating, Stable Outlook

Nov 11 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “BBB+” preferred stock rating to Bermuda-based PartnerRe Ltd.’s (PRE’s) proposed $200 million Series D Cumulative...

S&P Raises SCOR Outlook; Affirms ‘BBB+’ Rating

Nov 10 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on French reinsurer SCOR and its guaranteed subsidiaries to positive from stable. At the same time, S&P affirmed its...

S&P Revises Overall Property/Casualty Outlook to Negative

Nov 8 2004 // Standard & Poor’s Ratings Services has revised its outlook on the U.S. property/casualty commercial lines sector to negative from stable.“The outlook revision follows allegations of widespread misconduct...

S&P Puts USI Ratings on CreditWatch Negative

Nov 2 2004 // Standard & Poor’s Ratings Services announced that it has placed its “BB-” counterparty credit and bank loan ratings on USI Holdings Corp. on CreditWatch with negative implications. “This rating...

S&P to Hold Telephone Conference Today on AIG, ACE

Nov 1 2004 // Standard & Poor’s Ratings Services announced that it will hold a telephone conference call on Monday, Nov. 1, 2004, at 1 p.m. U.S. Eastern Time.The bulletin said Donovan Fraser, John Iten, Mark Puccia, Tom...

S&P Affirms ACE Ratings; Revises Outlook to Negative

Nov 1 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Bermuda-based ACE Ltd. and some of its subsidiaries to negative from stable.At the same time, S&P assigned preliminary debt...

S&P Announcement on AIG Ratings; Outlook Negative

Nov 1 2004 // Standard & Poor’s Ratings Services has republished an earlier article, issued last Friday, October 29, concerning the revision of its outlook on the American International Group from stable to negative. S&P...

S&P Announces Reaction to Recent MMC Developments

Oct 27 2004 // Following recent developments at Marsh & McLennan, Standard & Poor’s Ratings Services has issued a bulletin, which sets forth its initial reaction to the changes (See related articles).S&P said its...

S&P Affirms Alliance Re ‘BBB’ Ratings

Oct 26 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “BBB” long-term counterparty credit and insurer financial strength ratings on Cyprus-based reinsurer Alliance International...

S&P Puts Willis on CreditWatch-Negative

Oct 22 2004 // Standard & Poor’s Ratings Services announced that it has placed its “BBB-” counterparty credit rating on Willis Group Holdings Inc. on CreditWatch with negative implications.The decision follows...

S&P Says Insurance Brokers Have Resources to Manage Through Current Crisis

Oct 22 2004 // Standard & Poor’s said today it believes the three major brokers on which it has commented since bid-rigging and account steering charges have rocked the industry have the “resources to manage through...

S&P Revises Overall P&C Outlook to Negative

Oct 22 2004 // Standard & Poor’s Ratings Services has revised its outlook on the U.S. property/casualty commercial lines sector to negative from stable.“The outlook revision follows allegations of widespread misconduct...