All the headlines from our S&P Topic Page, ordered by recency.
May 6 2002 // Standard & Poor’s has affirmed its double-‘A’-plus insurer financial strength and counterparty credit ratings on Australian general insurer NRMA Insurance Ltd. (NRMA) and its New Zealand subsidiary,...
May 2 2002 // Standard & Poor’s said it revised its financial strength rating on PAULA Insurance Co. to ‘R’ because of insolvency. On April 26, 2002, PAULA Insurance Co. was placed under an order of conservation...
Apr 26 2002 // Standard & Poor’s has affirmed its single-‘A’-minus long-term counterparty credit rating on St Paul Cos. Inc. following the company’s announcement of first-quarter 2002 pretax operating...
Apr 23 2002 // Standard & Poor’s has assigned its ‘R’ financial strength rating to Alistar Insurance Co. after learning that the California Department of Insurance applied for and was granted a conservation order...
Apr 22 2002 // Standard & Poor’s announced that it has a divided outlook for the French insurance market, “taking a negative view of its non-life sector and heralding a stable future for the country’s life...
Apr 19 2002 // Standard & Poor’s removed from CreditWatch and raised its counterparty credit and financial strength ratings on ING Comercial America Seguros S.A. de C.V. to single-‘A’-minus from...
Apr 15 2002 // S&P changed its outlook to negative from stable on monoline reinsurers Ace Guaranty Re Inc., Axa Re Finance S.A., Radian Reinsurance Inc., and RAM Reinsurance Co Ltd. The outlook assesses the potential direction of an...
Apr 8 2002 // Standard & Poor’s announced that it has removed from CreditWatch and affirmed all its ratings on Bermuda’s PXRE Corp., including its triple-‘B’ counterparty credit rating, “because of...
Apr 5 2002 // Standard & Poor’s affirmed its single-‘A’ counterparty credit and insurer financial strength ratings on Trygg-Hansa Forsakrings AB, Publikt, but announced that it had revised its outlook on the...
Apr 4 2002 // France’s AXA Group, one of the world’s largest insurers, announced that it aims at optimizing the purchase of goods and services by AXA companies, and described the move as “one of the keys to the...
Apr 3 2002 // A.M. Best Co. has downgraded the financial strength rating to E (Under Regulatory Supervision) from B (Fair) for Legion Insurance Company and Villanova Insurance Company, Pa.The downgrade is tied in to the March 29...
Mar 29 2002 // Standard & Poor’s announced that it affirmed its single-‘A’-minus long-term counterparty credit and insurer financial strength ratings on Brit Insurance Ltd., and then withdrew the ratings at the...
Mar 28 2002 // Standard & Poor’s has assigned its ‘R’ financial strength rating to National Automobile & Casualty Insurance Co. after learning that California Insurance Commissioner Harry W. Low put the...
Mar 27 2002 // Standard & Poor’s has placed its single-‘A’ counterparty credit and financial strength ratings on the members of property/casualty insurer Kemper Insurance Cos. Intercompany Pool on CreditWatch with...
Mar 22 2002 // Following Enron’s collapse and the lawsuit filed by JP Morgan Chase against several insurers, Standard & Poor’s undertook a thorough review of the risks involved in underwriting financial guarantees as...
Mar 21 2002 // Standard & Poor’s affirmed all its ratings on Germany’s Allianz group, including its double-‘A’-plus long-term counterparty credit and insurer financial strength ratings, and its...
Mar 20 2002 // As plans for the sale of a majority interest in Germany’s Gerling Group become clearer, Standard & Poor’s, while reaffirming the single-‘A’-plus long-term counterparty credit and insurer...
Mar 20 2002 // Standard & Poor’s has assigned its triple-‘B’-minus preliminary rating to White Mountains Insurance Group Ltd.’s $1 billion shelf registration statement for indebtedness issued by Fund American...
Mar 19 2002 // Standard & Poor’s warned that Taiwan’s property and casualty insurance sector is “likely to face a tough year in 2002 due to hardening rates and structures offered by the global reinsurance market...
Mar 15 2002 // Standard & Poor’s lowered its financial strength rating on medical insurer Lawrenceville Property and Casualty Co., a division of the troubled medical insurer MIIX Group, by two rating categories to...