Standard & Poor’s Ratings Services has lowered its long-term counterparty credit rating on Spain’s insurance holding company Mapfre S.A. to “A+” from “AA-.” S&P also lowered its long-term rating on the €275 million ($374.7 million) 10-year senior unsecured debt issued …
Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Italian composite insurance group Fondiaria-SAI SpA and its core subsidiary, Milano Assicurazioni SpA, to “BBB+” from “BBB.” The outlook on the two companies …
July 2nd 2007 – Seattle. The GoldSim Technology Group, a leading provider of advanced probabilistic simulation software, today announced that Munich Re, one of the world’s leading reinsurance companies, has entered into a site license agreement to use the company’s …
A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and issuer credit rating (ICR) of “a+” of UK-based QBE Insurance (Europe) Limited, Australia’s QBE Insurance (International) Limited, and Ireland’s QBE Reinsurance (Europe) Limited (QBE Re). “These companies …
A.M. Best Co. has upgraded the ICR to “a” from “a-“, the senior debt ratings to “a” from “a-” and the commercial paper rating to AMB-1 from AMB-2 of The Hartford Financial Services Group, Inc. Best also affirmed the financial …
A.M. Best Co. has assigned a financial strength rating (FSR) of “A-” (Excellent) and an issuer credit rating (ICR) of “a-” to PARIS RE S.A., the main operating company of the newly formed PARIS RE group. Best also assigned an …
Among other industry topics Standard & Poor’s Ratings Services’ 2007 Insurance Conference, “In Pursuit of Sustainable Earnings,” held June 3-5 in New York City, discussed possible consolidations in the reinsurance sector. S&P has released a summary of the panel discussion …
Standard & Poor’s Ratings Services has raised to “AA-” from “A+” its long-term counterparty credit and insurer financial strength ratings on the various operating entities of Swiss-based Zurich Financial Services (collectively ZFS), including the members of the Zurich U.S. Intercompany …
A.M. Best Co. has affirmed the financial strength rating of “B++” (Good) and the issuer credit rating (ICR) of “bbb” of Cyprus-based Alliance International Reinsurance Public Company Limited. The outlook for the FSR remains stable, and the outlook for the …
A.M. Best Co. has affirmed the financial strength ratings of American International Group Inc. and a number of companies that are part of AIG, as follows: — AIG’s life and retirement services subsidiaries – financial strength rating (FSR) of “A+” …
