Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on American International Group Inc.’s (AIG) Chartis operating subsidiaries to ‘A’ from ‘A+’. S&P also said it has revised the outlook on AIG and all its …
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. …
Standard & Poor’s Ratings Services has affirmed its ‘AA-‘ long-term counterparty credit and insurer financial strength ratings on the various operating entities of Switzerland-based insurance group Zurich Financial Services (collectively ZFS), which includes Zurich Insurance Co. Ltd. (ZIC), Ireland-based Zurich …
Standard & Poor’s Ratings Services has said that its ratings and outlook on Netherlands-based insurance holding company AEGON N.V. (‘A-‘/Negative/A-2) and its core insurance operating subsidiaries (‘AA-‘/Negative/–) are unaffected by AEGON’s announcement that it aims to issue 173.6 million common …
“The outlook for the international marine protection & indemnity (P&I) industry is looking stable, with all clubs in 2010 reporting a post-tax surplus for the first time since 1998,” said a bulletin from Standard & Poor’s Ratings Services. It also …
Standard & Poor’s Ratings Services announced that its ratings on Allstate Corp. (A-/Stable/A-2) and its operating subsidiaries “are not affected by the announcement that Allstate is exiting the banking business. As part of this transaction, approximately $1 billion in the …
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating (ICR) of “bbb” of Jevco Insurance Company, which is based in Quebec. At the same time Best affirmed the ICR of “bb” of Jevco’s …
Standard & Poor’s Ratings Services announced that its ratings on American International Group Inc. (A-/Negative/A-2) and AIG’s insurance subsidiaries “are not affected by the company’s announcement that it expects to report a $4.1 billion charge for the fourth quarter of …
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 …
Standard & Poor’s Ratings Services has lowered its long-term counterparty credit and insurer financial strength ratings on Aviva Insurance Europe SE (Aviva SE) to ‘A-‘ from ‘A+’. In addition S&P said the ratings “remain on CreditWatch with negative implications, where …
