Standard & Poor’s (S&P)
S&P drops Groupama's rating to BB
Standard & Poor's Ratings Services has lowered its long-term counterparty credit and financial strength ratings on France-based insurer Groupama SA and its guaranteed subsidiaries to 'BB' from 'BBB-'.
S&P upgrades Skuld to 'A' with 'stable' outlook
Maritime insurer Skuld has had its Standard & Poor's rating upgraded to 'A' with 'stable' outlook, based on strong underwriting and capitalisation.
Generali on negative watch after CEO change
Ratings agency Standard and Poor's has placed Italy's Generali on negative watch following the removal of Giovanni Perissinotto and his replacement with Zurich head of general insurance Mario Greco.
Scor and key subsidiaries upgraded to A+
French reinsurer Scor has had its insurer financial strength rating upgraded from A to A+ by Standard and Poor's along with core subsidiaries.
S&P upgrades Scor to A+
Standard & Poor's has upgraded the insurance financial strength ratings and long-term counterparty credit of Scor SE and various guaranteed subsidiaries from A to A+.
S&P puts five MENA countries on negative watch
Standard & Poor's has put Bahrain, Egypt, Jordan, Oman, and Tunisia on negative outlook, indicating a one-in-three chance it will lower their soverign ratings.
S&P confirms Canopius outlook as 'stable'
Standard & Poor's has affirmed Canopius Syndicate 4444 at 2+ on news that Canopius will acquire Omega Insurance Holdings.
India's sovereign rating placed on negative watch
India's sovereign credit rating has been revised from 'stable' to 'outlook negative' by Standard & Poor's, indicating an increased possibility of the rating being downgraded.
Direct Line Group set to complete £500m planned subordinated debt issuance
Direct Line Insurance Group has announced it expects to complete a £500m issue of fixed/floating rate guaranteed subordinated notes due in 2042, and intends to seek a listing of the securities on the London Stock Exchange.
Integrated risk management absent in most APAC insurers
Despite strong progress in Japan, Australia, Taiwan and Singapore, most insurance companies in Asia-Pacific are still formalising their enterprise risk management governance structures.
S&P affirms Dhaman's 'AA' credit rating
Standard & Poor's has affirmed its 'AA' counterparty credit rating for the Kuwait-based Arab Investment and Export Credit Guarantee Corp.
Rating agencies: The rating game
Nations and businesses alike are growing critical of rating agencies, so is a downgrade as damaging as it used to be?
Thai Re gets THB7bn capital injection
Thailand's largest domestic insurer, Thai Re, has successfully raised equity of THB7bn with the support of shareholders and a new strategic investor.
RSA IFS and counterparty credit ratings upgraded to 'A+'
General insurer RSA's core operating entities have been upgraded to 'A+' in recognition of the group's strong capitalisation.
S&P upgrades RSA's credit rating to A+
Standard & Poor's has raised its long-term counterparty credit and financial strength rating on the core operating entities of RSA to A+ and said the outlook is stable.
Direct Line welcomes new credit ratings
Direct Line Group finance director John Reizenstein, has welcomed UK Insurance’s A credit rating from Standard & Poor’s and A2 from Moody’s.
S&P warns on RBS sale of UK Insurance
Standard & Poor's Ratings Services has assigned its 'A' long-term counterparty credit ratings and insurer financial strength ratings to Direct Line Group subsidiary UK Insurance, saying the outlook is stable but warning that the sell-off could change…
Brokers wary over Groupama transfers as S&P puts Aviva and Axa on rating alert
Up for sale insurer may be helped by wider eurozone worries.
Weakened capital adequacy behind Generali downgrade
Standard & Poor's has lowered its long-term counterparty credit and insurer financial strength ratings on Italy-based Assicurazioni Generali SpA and its related core entities to 'A' from 'A+'.
S&P warns about Aviva, Allianz and Axa
Standard & Poor’s has issued a series of warnings about major insurers’ exposure to the euro debt crisis.
Mapfre, Generali and CCR downgraded following sovereigns
A raft of European insurers including Italy-based Generali and Spanish insurer Mapfre were downgraded by Standard and Poor’s yesterday.
Groupama hit with S&P downgrade to BBB-
Groupama has suffered a ratings downgrade at the hands of Standard & Poor's despite the France-based insurer announcing a range of key strategic actions designed to halt the recent slide.
Editor's comment: The winds of change
And so we end 2011 in a similar vein to December 2010, with loss adjusters doubling staff numbers, ramping up resources and putting into play their surge plans as severe weather conditions batter the UK.
UK insurers wait on developments following PM Cameron EU Treaty veto
Standard and Poor’s downgrade warning on 15 insurers should have been “no surprise” but the market is still in the same position it was a week ago given the lack of “concrete activity” at the weekend, according to an industry analyst.