Standard & Poor’s Ratings Services has revised its outlook on Willis Group Holdings Ltd. to stable from negative, and has affirmed our ‘BBB-‘ counterparty credit and senior unsecured debt ratings on Willis. S&P also assigned its ‘BBB-‘ senior unsecured debt …
Standard & Poor’s Ratings Services has assigned its preliminary ‘BBB-‘ senior unsecured debt, ‘BB+’ subordinated unsecured debt, and ‘BB’ preferred shares ratings on Fairfax Financial Holdings Ltd.‘s US$2 billion universal shelf, which was filed on Sept. 18, 2009. S&P said …
A.M. Best Co. has assigned a debt rating of “a-” to the new issuance of $300 million 7.35 percent 10-year senior unsecured notes of W. R. Berkley Corporation, and has assigned them a stable outlook. Proceeds from the current offering …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Greenlight Reinsurance, Ltd., as well as the ICR of “bbb-” of Greenlight Re’s holding company, Greenlight Capital Re, Ltd. “The …
A. M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Mexico’s Grupo Nacional Provincial, S. A.(GNP). Best said the “ratings reflect GNP’s …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Malaysia’s Lonpac Insurance Bhd, both with stable outlooks. “The ratings reflect Lonpac’s adequate capitalization and its ability to manage profitable …
A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and an issuer credit rating of “a-” to Illinois-based Independent Mutual Fire Insurance Company, both with stable outlooks. “The ratings reflect Independent Mutual Fire’s modest underwriting leverage, recognized …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a+” of Japanese insurer Nipponkoa Insurance Company Ltd., both with stable outlooks. “The ratings reflect Nipponkoa’s strong risk-adjusted capitalization, improvement in underwriting …
Standard & Poor’s Ratings Services has assigned its ‘BBB+’ senior debt rating on W.R. Berkley Corp.’s proposed issue of approximately $300 million senior unsecured notes, which are due in 2019. WRB will use the net proceeds of the issue to …
A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength ratings of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Bermuda-based Validus Reinsurance, as well as IPCRe Limited (Bermuda) and IPCRe Europe …
