All the headlines from our S&P Topic Page, ordered by recency.
Mar 14 2002 // Ohio Casualty Corporation announced it is seeking to raise, subject to market and other conditions, $125 million through a private offering of convertible notes. The offering by the Fairfield, Ohio company will be made...
Mar 12 2002 // Standard & Poor’s has revised its financial strength rating on Connecticut Surety Co. to ‘R’ in response to an order of rehabilitation obtained by Commissioner of Insurance Susan F. Cogswell. The new...
Mar 12 2002 // Standard & Poor’s recently released study of the Argentine insurance industry paints a grim picture for the country’s insurers, calling the situation, caused by the country’s economic crisis,...
Mar 11 2002 // Standard & Poor’s has placed its triple-‘A’ financial strength ratings on all State Farm’s interactively rated operating companies on CreditWatch with negative implications, primarily because...
Mar 11 2002 // After the record losses from the WTC attacks, two cash calls, a buffeting by the rating agencies, a proposed reorganization of its basic financial structure and an audit by the National Assoc-iation of Ins-urance...
Mar 11 2002 // Elton John’s “I’m Still Standing” could become Lloyd’s theme song—it’s a better fit than “Candle in the Wind.” After the record losses from the WTC attacks, two cash calls,...
Mar 11 2002 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on Farmers Insurance Exchange group to “A” from “AA-.” The outlook is stable. S&P also lowered its...
Feb 28 2002 // Standard & Poor’s announced that it has lowered its long-term ratings on Sweden-based Sirius International Insurance Corp. (Sirius) to single-‘A’ from single-‘A’-plus “as a result...
Feb 25 2002 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on State Farm Lloyds (SF Lloyds), which writes homeowners insurance in Texas, to “A” from “AAA.” At the...
Feb 25 2002 // S&P assigned its “R” financial strength rating to Delta Casualty Co. (Delta Casualty). On Dec. 4, 2001, the Cook County Circuit Court in Illinois issued an order of liquidation upon finding that Delta...
Feb 21 2002 // Standard & Poor’s announced that its single-‘A’ insurer financial strength rating on the Lloyd’s insurance market will remain on CreditWatch with negative implications, but said it...
Feb 18 2002 // Standard & Poor’s announced that it has completed its review of Swiss-based Zurich Financial Services, undertaken after the Sept. 11 attacks, and has lowered its counterparty credit and insurer financial...
Feb 15 2002 // Standard & Poor’s announced that it has lowered its counterparty credit and financial strength ratings on Scandinavian Reinsurance Co. Ltd. (Scan Re) to triple-‘B’-minus from...
Feb 13 2002 // Standard & Poor’s announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on the operating entities of Scandinavia’s If P&C Group to...
Feb 11 2002 // S&P raised its counterparty credit rating and FSR on Beverly, Mass.-based Electric Insurance Co. (EIC) to “A” from “A-.” The outlook is stable. S&P considers EIC’s statutory surplus...
Feb 11 2002 // S&P raised its counterparty credit rating and FSR on Beverly, Mass.-based Electric Insurance Co. (EIC) to “A” from “A-.” The outlook is stable.S&P considers EIC’s statutory surplus...
Feb 8 2002 // Standard & Poor’s announced that it has upgraded its insurer financial strength and counterparty credit ratings on New Zealand-based NRMA Insurance NZ Ltd., formerly State Insurance Ltd., to...
Feb 7 2002 // Standard & Poor’s announced that it has affirmed its single-‘A’-minus counterparty credit and insurer financial strength ratings on U.K.-based BRIT Insurance Ltd. with a stable outlook.S&P...
Feb 1 2002 // Standard & Poor’s took steps to equalize the ratings of French-based credit insurance group EULER and Germany’s Hermes Kreditversicherungs-AG (Hermes) following their announcement that they were close to...
Jan 31 2002 // Standard & Poor’s announced that it has revised the outlook on its single-‘A’ long-term local currency credit rating on South Korea’s Samsung Fire & Marine Insurance Co. Ltd. to positive...