All the headlines from our S&P Topic Page, ordered by recency.
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...
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...
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...
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...
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...
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...
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...
Oct 21 2004 // Standard & Poor’s Ratings Services announced that it has affirmed all ratings on the core operating entities of Switzerland’s composite insurance group Zurich Financial Services (ZFS). These include its...
Oct 21 2004 // Standard & Poor’s Rating Services has lowered its counterparty credit rating on Marsh & McLennan Cos. (MMC) to ‘BBB+/A-2’ from ‘A+/A-1’. The rating remains on CreditWatch with...
Oct 19 2004 // Standard & Poor’s Ratings Services said on Friday that it is taking “no immediate rating actions” on the three companies – American International Group Inc. (AAA/Stable/A-1+), ACE Ltd....
Oct 19 2004 // Standard & Poor’s Ratings Services has assigned its ‘R’ financial strength rating to Interboro Mutual Indemnity Insurance Co. after the Supreme Court of the State of New York ordered the...
Oct 18 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘AA-‘ long-term insurer financial strength and counterparty credit ratings on Germany’s Allianz AG (AZAG) and various core...
Oct 18 2004 // Swiss reinsurer Converium AG has apparently weathered what its CFO Martin Kauer called “a perfect summer storm.” The company successfully closed its capital raising initiative with the sale of $420 million...
Oct 15 2004 // Standard & Poor’s Ratings Services has lowered its counterparty and financial strength ratings on Fireman’s Fund Insurance Co. (FFIC) and some of its rated subsidiaries and its financial strength ratings...
Oct 10 2004 // The Netherlands’ ING Group and Germany’s Allianz announced that they have concluded a definitive share purchase agreement for the acquisition of Allianz’ property and casualty (P&C) insurance...
Oct 7 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “A-” debt rating on U.S.-based Everest Reinsurance Holdings Inc.’s $250 million senior unsecured note issuance. S&P...
Oct 7 2004 // Standard & Poor’s Ratings Services indicated that the impact of damage caused by typhoons in 2004 on Japanese non-life insurers is likely to be limited, owing to reinsurance indemnities and catastrophe loss...
Oct 6 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A-” long-term counterparty credit and insurer financial strength ratings on UMS Generali Marine SpA (UMS) with a positive...
Oct 6 2004 // On Sept. 30, Dr. Detlef Steiner stepped down as president and chief executive officer of Hannover Re’s largest subsidiary, Clarendon Insurance Group in New York.The new president and CEO of Clarendon is Steven B....
Oct 5 2004 // Standard & Poor’s Ratings Services has affirmed its ratings on Zenith National Insurance Corp. (Zenith; see ratings list) and its operating subsidiaries.At the same time, Standard & Poor’s revised the...