Europe is facing an immense demographic challenge that will cuts its growth rate substantially and strain its public finances as its baby boomers retire and life expectancy increases, although some countries have taken steps to address the aging population. A …
Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on Luxembourg-based reinsurer Casiopea Re S.A. to “BBB+” from “A-,” and removed them from CreditWatch, where they had been placed with …
Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Luxembourg-based marine insurer British Marine Luxembourg S.A. (BM) to “A” from “A-.” S&P also removed the ratings from its CreditWatch, …
Standard & Poor’s Ratings Services announced that it has withdrawn its “A” long-term counterparty credit and insurer financial strength ratings on German-based insurer Atradius Kreditversicherung AG and Luxembourg-based reinsurer Atradius Re S.A., at the request of management. S&P also withdrew …
Standard & Poor’s Ratings Services announced that it has revised its outlook on Luxembourg-based insurer British Marine Luxembourg S.A. (BM) to positive from stable. S&P also affirmed its ‘A-‘ long-term counterparty credit and insurer financial strength ratings on the company. …
A.M. Best Co. announced that it has affirmed the financial strength ratings of “A” (Excellent) and the issuer credit ratings of “a” of the operating companies of the German-based GE Frankona Group with a stable outlook. “The ratings are based …
One would have thought that the crisis in the European Union, provoked when French and Dutch voters rejected the proposed EU Constitution, might have caused a bit of soul-searching and reassessment on the part of Europe’s leaders. One would be …
Zurich Financial Services Group announced its intention to raise fixed rate, long-term subordinated debt (hybrid capital) in the euro institutional market. The company said the euro denominated debt would be issued through the Zurich Insurance Company’s “Euro Medium Term Note …
A.M. Best Co announced that it has assigned a rating of “bbb” to the forthcoming perpetual subordinated bond issued by Hannover Finance (Luxembourg) S.A. and guaranteed by Hannover Rueckversicherung-AG (Hannover Re) with a stable outlook. “All existing debt and financial …
Standard & Poor’s Ratings Services announced that it has assigned its “A” long-term debt rating to the proposed benchmark size fixed- to floating-rate junior subordinated debt to be issued by Hannover Finance (Luxembourg) S.A., a subsidiary of Hannover Rückversicherung AG …
