Standard & Poor’s News
More Negative Rating Actions Coming for Reinsurers Over the Next Year: S&P
Despite the global reinsurance sector's "robust capital position" and "very high rate rises," which are expected to "carry on for the remainder of year, and continue for major renewals in 2021," ...
S&P Points to an Improving Lloyd’s Market Despite Pandemic Challenges
The Lloyd's market looks unlikely to turn an underwriting profit in 2020 given the pandemic and hurricane season. However, there a signs of improvement, according to analysts at S&P Global ...
Insurer Capital Strength Could Suffer With COVID-19 Second Wave: S&P
Insurers largely withstood the first wave of COVID-19 thanks to their capital strength. They may not be so lucky when a second wave comes, S&P Global Ratings said in a new report. "A second wave ...
S&P Welcomes Allstate’s $4B Bid for National General
Allstate Corp.'s plan to pay $4 billion for National General Holdings Corp. and become a dominant player in the independent agency channel drew a positive response from S&P Global Ratings. A few ...
COVID-19 Legacy: Many Work-From-Home Policies Likely to Remain Indefinitely
Many of the work-from-home policies launched or expanded due to the coronavirus pandemic are likely to remain indefinitely, according to a survey conducted by 451 Research, S&P Global Markets' ...
COVID-19 Will Make Reinsurers Lose More Money in 2020: S&P
Reinsurers globally will lose money in 2020, a reality Standard & Poor's said COVID-19-related losses stand to make worse. What's more, the level of red ink could worsen substantially depending ...
AXIS Hit With S&P Outlook Downgrade Over Underperformance Concerns
AXIS Capital Holdings' lower-than-expected 2020 first-quarter earnings has now led to a negative ratings outlook from Standard & Poor's. The S&P action, which downgraded from a stable ...
S&P Predicts Failure for COVID-19 Business Interruption Retroactive Coverage Efforts
Standard & Poor's said it does not expect state legislators to succeed in their efforts to retroactively expand business interruption insurance coverage for COVID-19-related losses. The reason: ...