S&P Probes If Reinsurers Are Ready for Another Year of Active Natural Disasters August 1, 2018 By L.S. Howard After global insured natural catastrophe losses hit record highs in 2017, will reinsurers be able to withstand another year of...
S&P Places AXA on CreditWatch Negative over Its Plans to Buy XL Group for $15.3B March 7, 2018 S&P Global Ratings placed France’s AXA on CreditWatch with negative implications over its planned $15.3 billion purchase of XL Group...
January Renewals Saw Rate Hikes of Up to 5%, with More Expected: S&P January 25, 2018 Global reinsurance pricing in aggregate was flat to up about 5 percent during the January 2018 renewals, and more price...
The Hartford and Travelers Among Companies Offering Bonuses Due to New Tax Law January 12, 2018 By Elizabeth Blosfield Hartford, Conn.-based The Hartford and New York City-headquartered Travelers confirmed they are among several companies giving their employees bonuses of...
Texas’ Hochheim Prairie Farm Mutual Ratings on CreditWatch; Harvey Cited November 29, 2017 S&P Global Ratings has placed its ‘B+’ financial strength ratings for Hochheim Prairie Farm Mutual Insurance Assoc. (HPFMIA) and its...
Specter of Corporate Exodus Leaves Connecticut Budget in Crisis October 17, 2017 By Martin Z. Braun Thirty years ago, so many companies flocked to Connecticut that Stamford, a waterfront enclave of about 100,000 residents, became the...
Lloyd’s Outlook Is Negative on Hurricane Losses; Ratings Affirmed: S&P October 13, 2017 S&P Global Ratings has revised its outlook on the Society of Lloyd’s to negative from stable, while reaffirming the market’s...
Saudi Arabia Develops Stronger Capital Rules for Insurers: Sources October 12, 2017 By Katie Paul and Saeed Azhar Saudi Arabia’s central bank is preparing tougher rules for insurance companies as part of a drive to create a smaller...
City of Hartford’s Rating Sinks Deeper Into Junk; Agencies Cite Possible Default September 27, 2017 By Hilary Russ Hartford, Connecticut’s cash-strapped capital city, suffered a fresh round of credit rating downgrades deeper into junk territory by two Wall...
S&P Assigns Odyssey Re Europe with ‘A-‘ Rating, Stable Outlook September 25, 2017 S&P Global Ratings has assigned its ‘A-‘ long-term financial strength rating to Odyssey Re Europe S.A. (ORESA), with a stable...