Standard and Poor’s and Fitch held their credit ratings for Britain unchanged on Friday [Oct. 27], but both remained gloomy about the outlook due to the likelihood of the country reaching a bad deal in its divorce talks with the …
Fitch Ratings this week warned that users of insurance ratings from four large credit rating agencies (CRAs) fail to understand differences in the rating scales – differences that separate A.M. Best from the rest of that pack. Specifically, Fitch said …
Fosun International Ltd., the Chinese conglomerate led by billionaire Chairman Guo Guangchang, is weighing a possible initial public offering for Ironshore Inc., just months after acquiring the insurer. Fosun may also pursue a sale of Bermuda-based Ironshore, according to a …
A.M. Best has assigned a financial strength rating of A (Excellent) and an issuer credit rating of “a+” to Sompo Japan Canopius Reinsurance AG, a wholly owned subsidiary of Canopius Group AG. The outlook assigned to both ratings is stable. …
Standard & Poor’s Ratings Services has lowered its long-term corporate credit rating on London-based global wholesale and reinsurance broker, Cooper Gay Swett & Crawford (CGSC) to ‘B-‘ from ‘B’ with a stable outlook is stable. S&P also said it has …
Standard & Poor’s Rating Services announced on April 1, 2014 that it has affirmed its ‘B’ rating for Cooper Gay Swett & Crawford Ltd., but has revised its outlook on the rating to negative from stable. The ratings announcement brought …
Standard & Poor’s Ratings Services said that its rating on Endurance Specialty Holdings Ltd., currently ‘BBB+’ with a stable outlook, is unaffected by the recent announcement that David Cash has stepped down as the company’s CEO and as a member …
Standard & Poor’s Ratings Services has assigned its “AA-” rating to Florida Hurricane Catastrophe Fund (FHCF), Florida’s $2 billion revenue bonds series 2013A. The outlook is stable, according to the ratings firm. S&P said the bond proceeds are to provide …
Standard & Poor’s Rating Services has affirmed its ‘BBB-‘ counterparty credit and senior debt ratings on Liberty Mutual Group Inc. as well as its ‘A-‘ counterparty credit and financial strength ratings on Liberty’s operating companies. At the same time, S&P …
