Ratings

AM Best takes PartnerRe off negative outook

Fri, 17 May 2013 00:00:00 GMT

AM Best has revised the outlook to stable from negative and affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa” of Partner Reinsurance Company Ltd. (PartnerRe)

Berkshire Hathaway credit rating cut to AA

Thu, 16 May 2013 00:00:00 GMT

Standard & Poor’s has downgraded Berkshire Hathaway's credit rating one notch to AA from AA+ because of its “dependence on its core insurance operations for most of its dividend income”; AA+ financial strength rating affirmed.

Litmus: S&P rating changes “non-trivial”

Thu, 16 May 2013 00:00:00 GMT

Standard & Poor's may have become less prescriptive when assessing insurers’ operating performance as it found identifying coherent peer groups too challenging, Litmus Analysis has argued.

Berkshire E&S play “controlled and measured”

Wed, 15 May 2013 00:00:00 GMT

AM Best has predicted that Berkshire Hathaway’s E&S market entry will be “controlled and measured”. The rating agency affirmed Berkshire's insurance and reinsurance operations ratings for National Indemnity Company.

New Residential Re cat bond gets S&P rating

Fri, 10 May 2013 00:00:00 GMT

Standard & Poor’s assigns Residential Reinsurance 2013 Series 2013-I Class 3 notes preliminary B-(sf) rating.

S&P revises insurer rating criteria

Wed, 08 May 2013 00:00:00 GMT

Standard & Poor’s explains in an interview with Reactions why the rating agency is preparing to release ratings from its new criteria to insurers around the world starting with global reinsurers and multiline insurers.

AIG P&C units upgraded to A+ by S&P

Mon, 06 May 2013 00:00:00 GMT

AIG’s property/casualty group has rating upgraded to A+ by rating agency Standard & Poor’s in light of successful restructuring by over the past two years.

Ontario demands 15% motor insurance cut

Mon, 06 May 2013 00:00:00 GMT

Ontario’s plan to cut auto premiums credit negative for Canadian property/casaulty insurers, warns Moody's.

Moody's goes positive on Aon and MMC

Fri, 03 May 2013 00:00:00 GMT

Insurance brokerages Aon and Marsh & McLennan Companies have ratings put on positive outlook on improved financial leverage.

Reinsurance capacity up: AM Best

Thu, 25 Apr 2013 00:00:00 GMT

The reinsurance industry has bounced back from significant losses in 2010 and 2011, but faces worsening investment yield.

Allstate’s Sanders Re cat bond gets rating

Sun, 21 Apr 2013 00:00:00 GMT

Standard & Poor’s rates two tranches of notes from Allstate’s upcoming Sanders Re catastrophe bond, which will cover losses from hurricanes and earthquakes.

€0.82bn Axa deal speeds up business plan

Thu, 11 Apr 2013 00:00:00 GMT

Axa sold its US life unit to speed up its profit-boosting strategy but analysts warn that if Italy and Spain’s economy deteriorates Axa’s credit quality may too.

Milli Re taken off review by AM Best

Fri, 05 Apr 2013 00:00:00 GMT

AM Best views positively the structural changes that the Turkish reinsurer’s management has since made in both its Turkish and international businesses but still assigns negative outlook.

Moody’s: Cyprus crisis hits euro zone credit risk

Tue, 26 Mar 2013 00:00:00 GMT

Cyprus is at risk of default and exit from the euro zone even if it resolves its immediate financial crisis, says Moody’s rating agency.

Moody's cuts Everest rating despite low debt

Tue, 26 Mar 2013 00:00:00 GMT

Everest Re was downgraded by Moody’s yesterday, despite having one of the lowest debt-to-capital ratios in the industry.

Citizens’ Everglades Re cat bond gets S&P rating

Wed, 13 Mar 2013 00:00:00 GMT

Standard & Poor’s assigns Everglades Re Ltd. Series 2013-1 notes B(sf) preliminary rating.

S&P rates Nationwide’s Caelus Re cat bond

Thu, 07 Mar 2013 00:00:00 GMT

Nationwide’s new catastrophe bond will cover a 90% share of losses between the initial attachment point of $1.9bn and the initial exhaustion point of $2.2bn.

Glacier Re's Nelson Re cat bond upgraded

Wed, 27 Feb 2013 00:00:00 GMT

Moody's upgrades $67.5m of Nelson Re Class G catastrophe bond on Glacier Re withdrawal of arbitration case.