Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P Reports Outlook for Int’l. Marine P&I Clubs is Stable
Feb 14 2011 // “The outlook for the international marine protection & indemnity (P&I) industry is looking stable, with all clubs in 2010 reporting a post-tax surplus for the first time since 1998,” said a bulletin...
Ratings Recap: Westaim/Jevco, GCAN, Euro Arab
Feb 11 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating (ICR) of “bbb” of Jevco Insurance Company, which is based in Quebec. At the same time Best affirmed...
S&P Sees No Rating Change for AIG from $4.1 Billion Charge
Feb 11 2011 // Standard & Poor’s Ratings Services announced that its ratings on American International Group Inc. (A-/Negative/A-2) and AIG’s insurance subsidiaries “are not affected by the company’s...
S&P Revises Outlook on UK’s Aviva: Ratings Affirmed
Feb 10 2011 // Standard & Poor’s Ratings Services has revised its outlook on Aviva PLC, the holding company of the U.K.-based global multiline insurance group Aviva, and the majority of its operating entities, to stable from...
S&P Puts AXA Insurance on CreditWatch After Ireland Ratings Downgrade
Feb 7 2011 // Standard & Poor’s Ratings Services said today that it placed its ‘BBB+’ long-term counterparty credit and insurer financial strength ratings on AXA Insurance Ltd. on CreditWatch with negative...
S and P Lowers Aviva Insurance Ratings from ‘A+’ to ‘A-‘ After Ireland Downgrade
Feb 4 2011 // Standard & Poor’s Ratings Services has lowered its long-term counterparty credit and insurer financial strength ratings on Aviva Insurance Europe SE (Aviva SE) to ‘A-‘ from ‘A+’. In...
S&P Japan Ratings Downgrade Hits Insurers
Jan 28 2011 // Yesterday Standard & Poor’s Ratings Services announced that it had lowered its sovereign rating on Japan to ‘AA-‘ from ‘AA’. The rating agency followed up that action by announcing that it...
S&P Publishes Updated Insurers’ Economic Capital Models
Jan 26 2011 // Standard & Poor’s Ratings Services has published its updated methodology for assessing insurers’ economic capital models on Jan. 24, 2011. S&P said the announced criteria “apply to all the life...
S&P Could Downgrade Bond Insurers
Jan 24 2011 // Standard & Poor’s could downgrade bond insurers by a full category or more if new ratings standards for the sector are implemented and the companies do not raise more capital, the agency said Monday. Bond...
S&P Rates Catlin Re ‘A’; Sees ‘Key Benefits’ from Swiss-based Subsidiary
Dec 21 2010 // Standard & Poor’s Ratings Services has assigned its ‘A’ counterparty credit and financial strength ratings to Switzerland-based Catlin Re Switzerland (CRCH), a new insurance entity created as a...
Rating Recaps: PrimeOne, Berkshire Hathaway (Notes), Safety National
Dec 17 2010 // A.M. Best Co. has assigned a financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” to Michigan-based PrimeOne Insurance Company, both with stable outlooks. The ratings of...
S&P: U.S. Personal Lines Insurance Sector Outlook Revised To Stable
Dec 10 2010 // Rates for the personal lines insurance sector continue to see improvements, according to a new report. While pricing for the U.S. commercial lines sector continues to decline, though at a slower pace in the last two years,...
S&P Affirms ING’s Ratings; Removed from CreditWatch; Outlook Negative
Dec 8 2010 // Standard & Poor’s Ratings Services has affirmed its long-term counterparty credit and insurer financial strength ratings on various operating insurance subsidiaries of ING Groep N.V. (ING) and its...
DIMA Clarifies S&P Ratings Bulletin on Ireland Debt, Re/insurers
Nov 30 2010 // Dublin International Insurance & Management Association (DIMA), the representative body for the international re/insurance industry in Ireland, announced that it has “been in contact with rating agency Standard...
S&P Revises Outlook on XL Group to Stable; Affirms Ratings
Nov 24 2010 // Standard & Poor’s Ratings Services has revised its outlook on XL Group Ltd. and its subsidiaries to stable from negative. S&P also affirmed its ‘A’ counterparty credit and financial strength...
S&P Lowers Fireman’s Fund Ratings to ‘A+’ from ‘AA-‘; Outlook Stable
Nov 24 2010 // Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on Novato, Calif.-based Fireman’s Fund Insurance Co. and its affiliates (collectively referred to as...
Fireman’s Fund Insurance Rating Lowered To ‘A+,’ Outloook Stable
Nov 24 2010 // New York-based Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on Novato, Calif.-based Fireman’s Fund Insurance Co. and its affiliates (collectively...
Best, S&P Put RenRe’s U.S. Operations under Review/Negative
Nov 19 2010 // A.M. Best Co. and Standard & Poor’s Ratings Services have both placed their credit and financial strength ratings on RenaissanceRe’s U.S. insurance companies under review with negative implications. The...
S&P Raises ProAssurance Rating One Notch to ‘BBB’; Outlook Stable
Nov 10 2010 // Standard & Poor’s Ratings Services has raised its counterparty credit rating on ProAssurance Corp. to ‘BBB’ from ‘BBB-‘ with a stable outlook. S&P said the upgrade “reflects our...
S&P Sees No Effect on AXIS’ Ratings from Change in CFO’s
Nov 2 2010 // Standard & Poor’s Ratings Services announced that its ratings on Bermuda-based AXIS Capital Holdings Ltd. (A-/Stable/–) and its operating subsidiaries are not affected by the announcement of the appointment...
