All the headlines from our S&P Topic Page, ordered by recency.
Sep 11 2002 // Standard & Poor’s announced that it has removed its triple-‘A’ long-term counterparty credit and insurer financial strength ratings on Munich Re and its core subsidiaries from CreditWatch.The rating...
Sep 6 2002 // The willingness of consumers to absorb escalating medical costs, combined with reduced competition, underlies the continued operating strength of health insurers in the coming quarters, Standard & Poor’s said in...
Sep 5 2002 // Standard & Poor’s announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on Germany’s Gerling-Konzern Globale Ruckversicherungs-AG (GKG), the reinsurance arm...
Sep 5 2002 // The terrorist attacks of Sept. 11, 2001, will go down in history as the property/casualty insurance industry’s largest single loss event, with the net-loss estimates posted by insurance entities standing at about $30...
Sep 2 2002 // Standard & Poor’s announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Germany’s Gothaer Ruckversicherung AG (Gothaer Re) to single-‘A’-minus...
Sep 2 2002 // Standard & Poor’s said that although the European reinsurance market is expected to remain hard beyond 2003, it maintains its negative outlook for the industry for the fifth year running, due to uncertainty over...
Aug 30 2002 // Standard & Poor’s commented on Fireman’s Fund Insurance Co. and its related entities (FFIC), saying the double-‘A’-minus counter party credit and financial strength ratings on FFIC remain on...
Aug 23 2002 // Standard & Poor’s reacted quickly to the announcement by Japan’s Kyoei Mutual Fire & Marine Insurance Co. that it had canceled plans to join the Millea Group, and would instead become a subsidiary of...
Aug 20 2002 // Standard & Poor’s has withdrawn its public information counterparty credit and financial strength ratings on various Pennsylvania-based Harleysville insurance operating companies after determining that there is...
Aug 19 2002 // S&P raised its counterparty credit rating on Willis Group Holdings Ltd. (Willis) to “BB+” from “BB” due to the company’s continued debt reduction and improved operating fundamentals. It...
Aug 19 2002 // S&P assigned its preliminary “BBB+” senior debt, “BBB” subordinated debt, and “BBB-” preferred stock ratings to Seattle-based SAFECO Corp.’s $900 million universal shelf...
Aug 16 2002 // Travelers Property & Casualty will have its class B shares included in the Standard & Poor’s 500 Index. Travelers Property Casualty Chairman and CEO Robert Lipp, noted “I am very pleased that the hard...
Aug 16 2002 // Standard & Poor’s has assigned its triple-‘B’-minus counterparty credit rating to Canadian-based Odyssey Re Holdings Corp. The outlook is stable. Standard & Poor’s also said that it...
Aug 16 2002 // Standard & Poor’s said that although the European reinsurance market is expected to remain hard beyond 2003, it maintains its negative outlook for the industry for the fifth year running, due to uncertainty over...
Aug 15 2002 // Standard & Poor’s Ratings Services said that its ratings and outlook on Belgium- based insurer ACE Insurance S.A.—N.V. will not be affected at this time by the company’s reported negative net income of...
Aug 15 2002 // Standard & Poor’s says it is too early to assess the impact of the current floods on the Czech insurance market, but that the lessons of the last great floods five years ago might not have been learnt.Reports...
Aug 14 2002 // Standard & Poor’s Ratings Services has placed its double-‘B’-minus long-term counterparty credit and insurer financial strength ratings on ESG Reinsurance Bermuda Ltd., ESG Reinsurance Ireland Ltd.,...
Aug 13 2002 // Robert Partridge was named head of Standard & Poor’s Insurance Sector Analysis Group. Partridge, a nine-year veteran of Standard & Poor’s Ratings Services, was most recently the head of the insurance...
Aug 13 2002 // Standard & Poor’s has published enhanced criteria for analyzing the eligibility of new classes of hybrid capital issued by insurers and banks. The article, “Mandatory Convertibles: New Hybrid Capital...
Aug 9 2002 // Standard & Poor’s has revised its outlook on Aon Corp. to negative from stable following the company’s second-quarter 2002 earnings announcement.“This rating action reflects the margin deterioration...