S&P News
S&P Downgrades USAA Ratings
S&P Global Ratings announced that it lowered its financial strength and counterparty credit ratings on United Services Automobile Association (USAA) and its core insurance subsidiaries to "AA" ...
Too Late? S&P Downgrades State Farm General (Updated)
Standard & Poor's Global Ratings announced a two-notch downgrade of State Farm General on May 13—on the same day that California's regulator approved an interim emergency homeowners rate ...
S&P Reveals Top 50 Largest P/C Insurers
As the third-fastest growing company on a list of the world's top 50 largest insurance companies, State Farm Mutual Automobile Insurance Co. continued to rank No. 1, according to research S&P ...
Reinsurers’ Appetite for Natural Catastrophe Risks Grows
Top reinsurers are showing increasing – but disciplined – appetite for natural catastrophe risks as a result of rising demand, better pricing, more favorable terms and conditions, and sound ...
S&P GMI Performance Rankings: E&S Insurer Kinsale Takes Top Spot
A hard market, resilient domestic macroeconomic conditions and strong underwriting results have elevated specialty commercial carriers to the top of S&P Global Market ...
Liability Reinsurance Crisis Could Be Looming, CEO Says
"There could be a liability crisis in reinsurance in a couple of years," a reinsurance executive predicted this week. Ken Brandt, chair, president and chief executive officer of TransRe, offered the ...
Double-Digit Rate Hikes for 10 Largest Auto Insurers in 2023
According to S&P Global Market Intelligence's RateWatch, Farmers Insurance instituted double-digit rate increases in 43 states in 2023 for a weighted average rate increase of 17.6%—and its ...
S&P Raises Reinsurance Sector View to Stable as Rates Keep Rising
S&P Global has raised its view of the global reinsurance sector to stable from negative, it said on Tuesday, due to higher reinsurance rates and increasing investment ...
Reinsurers’ Cyber Rates Expected to Rise as They Seek to Regain Profitability: S&P
More cyber reinsurance rate increases can be expected as reinsurers seek to regain underwriting profits in their cyber portfolios, according to a report published by ...