Author: Farkas Laura

New York, April 16 – Moody’s Investors Service has placed the B2 insurance financial strength ratings of Conseco Inc.’s insurance subsidiaries on review for possible downgrade. The rating agency has also confirmed the debt ratings of Conseco (senior at Ca), which continue to have a developing outlook. According to Moody’s, the review will focus primarily… Continue reading Moody’s Puts Conseco Subsidiaries’ B2 Financial Ratings On Review For Downgrade

Business Wire – April 16, 2003 14:24 OLDWICK, N.J.–(BUSINESS WIRE)–April 16, 2003–A.M. Best Co. has downgraded the financial strength ratings to A (Excellent) from A+ (Superior) of Allianz Insurance Company (AIC) and its direct subsidiary, Allianz Underwriters Insurance Company, both of Burbank, CA. The rating outlook is stable for both companies. These rating actions reflect… Continue reading A.M. Best Downgrades Ratings of Allianz Insurance and Allianz Underwriters

New York, April 15 – Standard & Poor’s Ratings Services said it lowered its long-term counterparty credit and insurer financial strength ratings on Germany-based reinsurer Hannover Ruckversicherungs AG (Hannover Re) and other core members of the Hannover Re group to ‘AA-‘ from ‘AA’. At the same time, all ratings were removed from CreditWatch, where they… Continue reading Standard & Poor’s Cuts Hannover RE Ratings

London, April 11 – Moody’s Investors Service today placed under review for possible downgrade the ratings of Royal & Sun Alliance Insurance Group (RSA) and its subsidiaries. Moody’s commented that the review will focus particularly on the capital position of the group, which weakened significantly in 2002. Results were adversely affected by a number of… Continue reading Moody’s Puts Royal & Sun Alliance Units Under Review For Possible Downgrade

Prudential and Aviva have become the latest insurers to have their solvency requirements relaxed by the Financial Services Authority. Both firms were granted permission by the regulator to assess their assets and liabilities on a more realistic basis. Friends Provident was also granted a waiver on Wednesday, while Legal & General became the first firm… Continue reading Insurance giants have solvency requirements relaxed

New York, April 8 – Moody’s Investors Service lowered today the debt ratings of ING Groep N.V. (ING Group) and ING Verzekeringen (ING Insurance) to Aa3 from Aa2 for senior debt and to A1 from Aa3 for subordinated debt. The debt ratings of ING America Insurance Holdings, Inc (ING AIH) and related subsidiaries were also… Continue reading Moody’s Cuts ING Group, ING Insurance Ratings

New York, April 8 – Standard & Poor’s Ratings Services said today that it lowered its counterparty credit rating on AEGON N.V. to ‘A+/A-1’ from ‘AA-/A-1+’ because of Standard & Poor’s view that future absolute earnings will be less strong over the short to medium term based on higher credit provisioning, tighter credit spreads, and… Continue reading Standard & Poor’s Cuts Aegon’s Ratings

London, April 8 – Moody’s Investors Service has changed the rating outlook on Swiss Reinsurance Company and subsidiaries to negative from stable. The company is rated Aa1 for insurance financial strength. The outlook change is based largely on the continued negative trend in the company’s profitability, a pronounced decline in its capital position in recent… Continue reading Moody’s Changes Rating Outlook For Swiss RE To Negative From Stable

NU Online News Service, April 7, 4:50 p.m. EST—Completing a rating review that started when ACE revealed $2.2 billion in asbestos losses back in January, Moody’s Investors Service in New York announced today that has lowered some debt and financial strength ratings of ACE Limited. The ratings downgraded in today’s action include long-term and short-term… Continue reading Moody’s Lowers Some ACE Limited Ratings

NU Online News Service, April 4, 3:30 p.m. EST—Moody’s Investors Service announced today that it has downgraded its rating for the world’s largest reinsurer, Munich Re. New York-based Moody’s said the rating action involves lowering financial strength ratings to “Aa3” from “Aa1” for Munich Reinsurance Company, as well as the group’s Hamburg-Mannheimer Versicherungs AG and… Continue reading Moody’s Downgrades Munich Re