All the headlines from our S&P Topic Page, ordered by recency.
Jan 10 2003 // Standard & Poor’s Ratings Services said that it assigned its ‘R’ financial strength rating to Ore.-based Grange Mutual Insurance Co. upon learning that the company has filed for bankruptcy protection...
Jan 10 2003 // Standard & Poor’s has lowered to ‘BBpi’ from ‘BBBpi’ its counterparty credit and financial strength ratings on Insurance Co. of the West (83.5 percent) and its qualifying inter-affiliated...
Jan 9 2003 // Standard & Poor’s has just completed a review of the Italian insurance market, and announced that “the ratings outlook for the market is negative, reflecting an expected downward trend in insurer financial...
Jan 8 2003 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on Traders Insurance Co. (Traders) to ‘Bpi’ from ‘BBpi’. “The rating action is based on the...
Jan 7 2003 // Standard & Poor’s Ratings Services said that it assigned its preliminary ‘BBB+’ senior debt, ‘BBB’ subordinated debt, and ‘BBB-‘ preferred stock ratings to Seattle-based...
Jan 6 2003 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on ARI Mutual Insurance Co. (ARIM) and its affiliate, ARI Casualty Co. (ARIC), to ‘Bpi’ from ‘BBpi’....
Dec 23 2002 // Standard & Poor’s Ratings Services said that it removed from CreditWatch its counterparty credit and financial strength ratings on the members of Kemper Insurance Cos. Intercompany Pool (Kemper) and lowered them...
Dec 16 2002 // S&P’s affirmed its “A-” counterparty credit and senior debt ratings on Travelers Property Casualty Corp. and its “AA-” counterparty credit and financial strength ratings on members of the...
Dec 16 2002 // U.S. commercial-lines insurers are plagued by inadequate reserves, according to Standard & Poor’s just-published outlook for 2003, and bullish pricing cannot simply sweep the problem away. S&P’s...
Dec 16 2002 // Standard & Poor’s Ratings Services assigned its “AA” counterparty credit and financial strength ratings to HCC Specialty Insurance Co. (HCC Specialty) and HCC Life Insurance Co. (HCC Life). Also...
Dec 16 2002 // S&P’s lowered its counterparty credit and financial strength ratings on all members of the State Farm Group of Insurance Companies (State Farm) except State Farm Lloyds to “AA” from “AA+”...
Dec 13 2002 // Standard & Poor’s Ratings Services has issued a comment on Bermuda-based Trenwick Group Ltd.’s recent agreement in principle with its Lloyd’s letter of credit providers which will allow it to...
Dec 13 2002 // Standard & Poor’s Ratings Services assigned its ‘A-‘ rating to Aon Corp.’s $225 million 144a senior notes offering scheduled to mature in 2012. “The proceeds of the offering are expected...
Dec 12 2002 // Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on the world’s largest reinsurance group, Munich Reinsurance Co....
Dec 10 2002 // Standard & Poor’s Ratings Services announced that it has revised its insurer financial strength and long-term counterparty credit ratings on Hong Kong-based China International Reinsurance Co. Ltd. (CIRe) to...
Dec 6 2002 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on Employers Reinsurance Corp. and its wholly owned subsidiaries (collectively referred to as ERC) to ‘AA-‘ from...
Dec 5 2002 // U.S. commercial-lines insurers are still plagued by inadequate reserves, according to Standard & Poor’s just-published outlook for 2003, and bullish pricing cannot simply sweep the problem away.Standard &...
Dec 4 2002 // Standard & Poor’s Ratings Services today raised its insurer financial strength and counterparty credit ratings on LG Insurance Co. Ltd. to ‘BBB’ from ‘BBB-‘ with a stable outlook,...
Dec 4 2002 // Cash-strapped homeowners and automobile insurers have enacted the steep price increases necessary to recapture profitability, according to Standard & Poor’s just-published outlook for 2003, which puts the...
Dec 3 2002 // Standard & Poor’s announced that it has affirmed its ‘A’ counterparty credit and financial strength ratings on Inter-Ocean Reinsurance Co. Ltd. with a stable outlook. S&P indicated it took the...