All the headlines from our S&P Topic Page, ordered by recency.
Feb 7 2003 // Standard & Poor’s Ratings Services restated its position that its ‘BBB’ long-term counterparty credit and insurer financial strength ratings on Gerling-Konzern Allgemeine Versicherungs-AG (GKA) and...
Feb 6 2003 // Standard & Poor’s Ratings Services said that it revised its outlook on Zenith National Insurance Corp. and its subsidiaries to negative from stable after Zenith’s announcement on Jan. 20, 2003, that it has...
Feb 4 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A’ counterparty credit and financial strength ratings of Bermuda-based Axis Specialty Ltd. and its ‘A’ financial...
Feb 3 2003 // Both Standard & Poor’s Ratings Services and Moody’s Investors Service announced that they have lowered their ratings on the Bermuda-based Trenwick Group Ltd. and its subsidiaries, following the...
Jan 31 2003 // Standard & Poor’s Ratings Services said that it assigned its ‘BBB+’ senior debt ratings to SAFECO Corp.’s (SAFECO) recently issued $200 million 4.20 percent senior notes due 2008 and $300...
Jan 28 2003 // Standard & Poor’s has placed its ‘A-/A-2’ counterparty credit rating on ACE Ltd. on CreditWatch with negative implications because of ACE’s announcement that it will strengthen its asbestos...
Jan 27 2003 // Even being in business for over 90 years doesn’t seem to assure financial stability these days. 2002 was not a good year for the Chicago-based Kemper Group, headed by Lumbermens Mutual Casualty Company, a leading...
Jan 27 2003 // Even being in business for over 90 years doesn’t seem to assure financial stability these days. 2002 was not a good year for the Chicago-based Kemper Group, headed by Lumbermens Mutual Casualty Company, a leading...
Jan 24 2003 // Standard & Poor’s Ratings Services said that it revised its counterparty credit and financial strength ratings on Western Growers Insurance Co. to ‘R’ from ‘CCCpi’.“The ratings were...
Jan 24 2003 // Standard & Poor’s issued a bulletin indicating that it is “monitoring the effect of the Australian bushfire crisis on the local insurance industry, given that estimates of the insurance claims bill are...
Jan 24 2003 // Standard & Poor’s may not envision any downgrades for Australian P/C insurers hit by bushfire losses (See previous article), but this doesn’t apply to the country’s AMP Group.The rating agency...
Jan 22 2003 // Standard & Poor’s has revised its financial strength rating on Casualty Reciprocal Exchange (CRE) and Equity Mutual Insurance Co. (EMI) to ‘R’ from ‘CCCpi’ after a county court judge...
Jan 22 2003 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on Iowa-based Farm Bureau Mutual Insurance Co. (Farm Bureau) and Western Agricultural Insurance Co. (Western Agricultural) to...
Jan 22 2003 // Standard & Poor’s issued a bulletin confirming that the primary insurance entities of Germany’s Gerling insurance group “remain on CreditWatch following further discussions with the group’s...
Jan 22 2003 // Standard & Poor’s announced that it has revised its outlook for rated Austrian insurers to stable from negative, indicating that insurer financial strength ratings are more likely to remain the same than to be...
Jan 16 2003 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on West Virginia-based Farmers & Mechanics Mutual Insurance Co. to ‘Bpi’...
Jan 14 2003 // Standard & Poor’s announced that it has removed from CreditWatch and affirmed its ‘BBB+’ long-term counterparty credit and insurer financial strength ratings on the operating entities of the...
Jan 13 2003 // Standard & Poor’s has removed from CreditWatch and affirmed its ‘A+’ counterparty and financial strength ratings on Fireman’s Fund Insurance Co. and related entities (FFIC) because of support...
Jan 13 2003 // Fitch Ratings, Standard & Poor’s and A.M. Best initiated rating actions on Fairfax Financial Holdings Inc. (Fairfax) and its subsidiaries, including TIG Insurance Group—Dallas, Ranger Insurance Group, and...
Jan 13 2003 // S&P’s lowered its counterparty credit and financial strength ratings on Employers Reinsurance Corp. and its wholly owned subsidiaries (collectively, ERC) to “AA-” from “AA+” because of...