All the headlines from our S&P Topic Page, ordered by recency.
Jun 7 2002 // Standard & Poor’s announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on the main operating entities of the Euler&Hermes Group, which specializes in credit...
Jun 5 2002 // Standard & Poor’s announced that it has affirmed its double-‘A’ insurer financial strength and counterparty credit ratings on Assicurazioni Generali SpA, the parent and main property-casualty...
Jun 4 2002 // Standard & Poor’s midyear survey of the reinsurance industry highlights a number of problems, with the effects of low returns from competitive pricing, high loss ratios, low investment returns and new...
Jun 4 2002 // Standard & Poor’s announced that it has affirmed all its ratings, including its double-‘A’-minus long-term and its ‘A-1’-plus short-term counterparty credit ratings, on AEGON N.V., the...
Jun 3 2002 // The “fat lady” may have sung in the ongoing merger battle between Italy’s La Fondiaria and SAI ( See IJ Website May, 30,31) but some members of the audience, notably the Bermuda-based Liverpool Mutual...
May 31 2002 // Standard & Poor’s announced that it has assigned its single-‘A’-plus financial strength rating to Liberty Mutual Insurance Co. (UK) Ltd. (LMUK) “based on an explicit guarantee of LMUK’s...
May 30 2002 // Standard & Poor’s announced that it has affirmed its triple-‘A’ratings on two units of Bermuda-based XL Capital, XL Financial Assurance Ltd. (XLFA) and XL Capital Assurance Inc. (XLCA), and has...
May 30 2002 // Standard & Poor’s affirmed its single-‘A’-minus counterparty credit and senior debt ratings on Travelers Property Casualty Corp. (Travelers) and its double-‘A’-minus counterparty credit...
May 27 2002 // Although the events of Sept. 11 accelerated the increase in U.S. commercial real estate insurance premiums, property and casualty insurance costs had already begun rising in 2000, independent of terrorism-coverage costs,...
May 27 2002 // Standard & Poor’s lowered to “A” its counterparty credit and financial strength ratings on the members of United Fire Group and its affiliate United Life Insurance Co. and changed the...
May 23 2002 // Standard & Poor’s announced that its outlook on Japan’s non-life insurance industry remains negative following the release this week of insurers’ financial results for fiscal 2001.“Earnings...
May 22 2002 // Standard & Poor’s said it lowered its counterparty credit rating on Zenith National Insurance Corp. (ZNT) to double-‘B’-plus from triple-‘B’-minus and its ratings on ZNT’s...
May 21 2002 // Standard & Poor’s has affirmed its stable outlook for the U.K.’s domestic non-life insurance industry, following a review of the financial strength characteristics, indicating that “the majority of...
May 21 2002 // Standard & Poor’s said that it has affirmed its single-‘A’-minus counterparty credit and senior debt ratings on U.S.-based Everest Reinsurance Holdings Inc., an intermediary holding company that is...
May 20 2002 // Standard & Poor’s has removed from CreditWatch and lowered the counterparty credit and financial strength ratings on State Farm’s core operating units to double-‘A’-plus from...
May 17 2002 // Standard & Poor’s said it would not take any immediate rating actions on Hartford Financial Services Group Inc. or its double-‘A’ rated property/casualty companies following the announcement that the...
May 17 2002 // While the events of Sept. 11 accelerated the increase in U.S. commercial real estate insurance premiums, property and casualty insurance costs had already begun rising in 2000, independent of terrorism-coverage costs,...
May 15 2002 // Standard & Poor’s has issued a statement warning that insurers who dispute claims payments on financial guarantee contracts, even in fraudulent cases, could now have their counterparty credit, insurer financial...
May 14 2002 // Standard & Poor’s announced that it has removed the Lloyd’s insurance market from CreditWatch, where it was placed on Sept. 20, 2001, and has affirmed its single-‘A’ insurer financial strength...
May 13 2002 // “In essence, we’d like to assure all of our policyholders that we are solvent, that we’re still financially strong,” said Jim Zelinski, spokesperson for California State Compensation Insurance Fund,...