Rating Agencies
S&P Downgrades Certain AIG Ratings; Stable Outlook Maintained
American International Group's anticipated reserve charge has attracted the attention of Standard & Poor's, which has downgraded certain ratings in light of the disclosure. S&P said it ...
How New Rating Agency Formulas Could Impact Reinsurance and the ILS Market
U.S. hurricane is the peril most likely to cause the largest insured catastrophe losses and therefore financial impairment for insurance companies that are not adequately prepared. To date, rating ...
A.M. Best, Fitch Place AIG Under Review Over Anticipated Reserve Charge
American International Group won't be reporting its Q4 2016 financials until Feb. 14, but a disclosure about a "material adverse reserve adjustment" from the insurer for its U.S. commercial business ...
Fitch Places Allied World’s Financial Strength Status on Rating Watch Negative
Fairfax Financial may see huge possibilities in its $4.9 billion agreement to buy Allied World Assurance Co., but Fitch Ratings is responding cautiously to the news. Fitch placed Allied World's 'A+' ...
Liberty Mutual’s Deal to Buy Ironshore Gets Favorable Rating Agency Responses
Liberty Mutual's recently-announced plans to buy Ironshore Inc. from Fosun International for $3 billion earned generally positive responses from A.M. Best, Standard & Poor's and Fitch Ratings. ...
U.S. P/C Insurance Industry Net Asbestos Losses Reach $100B Mark and Rising
Net ultimate asbestos losses for the U.S. property/casualty industry have risen once again. They're now at $100 billion, and that's $15 billion higher than the previous estimate. according to a new ...
New Zealand EQ Insured Losses Could Top $3B: AIR Worldwide
Catastrophe modeling firm AIR Worldwide released its initial estimates of industry insured losses from the earthquake that struck New Zealand's South Island early this week, putting a range of $762 ...
Argo Group’s Planned Ariel Re Buy Leaves S&P Long-Term Ratings Unchanged
Argo Group's planned $235 million acquisition of Ariel Re is drawing the market equivalent of a shrug from Standard & Poor's. S&P said that its long-term ratings for Argo and its related ...