Standard & Poor’s Ratings Services has assigned its preliminary ‘B-‘ credit rating to the class II-CN3 notes series 2010-1 issued under the principal at-risk variable-rate note program, Successor X Ltd. Swiss Re (A+/Stable/A-1) sponsors the program, which “aims to transfer …
A.M. Best Co. has downgraded the financial strength rating to ‘D’ (Poor) from C+ (Marginal) and issuer credit rating to “c” from “b-” of Michigan-based American Community Mutual Insurance Company. The outlook for both ratings is negative. The downgrades reflect …
Based on preliminary analysis, Fitch Ratings said it believes that the Chilean P/C insurance industry “will likely be able to absorb losses from the earthquake and Tsunami that hit the central-south part of Chile on Feb. 27.” However, Fitch added …
A.M. Best Co. has commented that the ratings of American International Group, Inc. and its subsidiaries are “unchanged following the announcement that AIG will sell the AIA Group, Limited to Prudential plc in a deal valued at approximately $35.5 billion. …
Standard & Poor’s Ratings Services has affirmed its ‘BBB’ counterparty credit ratings on Bermuda-based insurance and reinsurance holding company Max Capital Group Ltd. and its intermediary holding-company subsidiaries: Max USA Holdings Ltd., Max Europe Holdings Ltd., and Max UK Holdings …
A.M. Best Co. has placed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the operating subsidiaries of Max Capital Group Ltd. under review with positive implications following the recent announcement of its …
A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Dallas-based XL Lloyds Insurance Company, and has assigned an NR-5 to the FSR (Not Formally Followed) and an …
Standard & Poor’s Ratings Services has placed its ratings on Prudential PLC and its operating subsidiaries, including the ‘A+’ long-term counterparty credit rating on Prudential, on CreditWatch with negative implications. S&P’s action follows the announcement that Prudential has reached an …
Standard & Poor’s Ratings Services has placed its ‘A+’ counterparty credit and financial strength ratings on American International Assurance Co. Ltd. (AIA) and American International Assurance Co. (Bermuda) Ltd. (AIAB) on CreditWatch with developing implications. The ratings on American International …
A.M. Best Co. has downgraded the financial strength ratings to ‘B++’ (Good) from ‘A-‘ (Excellent) and issuer credit ratings to “bbb” from “a-” of Western Insurance Company (WIC) and Western Bonding Company (WBC), both of Reno, Nevada, and has revised …
