CreditWatch News

Transatlantic, Allied World off CreditWatch as Merger Looks Less Likely: S&P

Standard & Poor’s Ratings Services has removed both Transatlantic Holdings and Allied World Assurance Co. Holdings AG from its CreditWatch Positive, where they were placed on June 13, following the announcement of their merger agreement. S&P’s long-term counterparty credit rating …

S&P Puts Montana Re Cat Bonds on CreditWatch Negative after Japan Quake

Standard & Poor’s Ratings Services has placed its ‘B- (sf)’ rating on Montana Re Ltd.’s Class E notes on CreditWatch with negative implications. The notes, totaling $210 million, were originally placed at the end of December 2010 by Flagstone Re. …

S&P Announces Rating Actions in Wake of Bahrain Unrest

Standard & Poor’s Ratings Services announced that it has affirmed its long-term counterparty credit and insurer financial strength ratings on Hannover ReTakaful B.S.C. (Hannover ReTakaful), Trust International Insurance & Reinsurance Co. B.S.C. (c) (Trust Re), and Saudi National Insurance Co. …

S&P Puts AXA Insurance on CreditWatch After Ireland Ratings Downgrade

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 implications. S&P explained that it took the action following its decision on …