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$100 million of Surplus Notes Affected New York, September 05, 2003 — Moody’s Investors Service has placed the ratings of the Atlantic Mutual Companies on review for possible downgrade. Included in the review is the Ba1 rating of Atlantic Mutual Insurance Company’s $100 million in surplus notes due in 2028, as well as the Baa1… Continue reading MOODY’S PLACES ATLANTIC MUTUAL’S RATINGS ON REVIEW FOR POSSIBLE DOWNGRADE

NEW YORK (Standard & Poor’s) Sept. 5, 2003–Standard & Poor’s Ratings Services said today that it lowered its financial strength and counterparty credit ratings on the members of the Royal & SunAlliance USA Group (RSA USA) to ‘BBB-‘ from ‘BBB+’: Royal Insurance Co. of America, Royal Indemnity Co., Connecticut Indemnity Co., Security Insurance Co. of… Continue reading S&P Downgrades Royal & SunAlliance USA Group Members

NEW YORK (Standard & Poor’s) Sept. 3, 2003–Standard & Poor’s Ratings Services said today that it lowered its financial strength and counterparty credit ratings on Employers Reinsurance Corp. and affiliated nonlife insurance/reinsurance entities (collectively ERC) to ‘A+’ from ‘AA-‘. Standard & Poor’s affirmed the ‘A+’ ratings on GE Reinsurance Corp. The outlook is negative. At… Continue reading S&P Downgrades Employers Reinsurance Corp.; On Watch

NEW YORK, Sept. 3, 2003 Copyright 2003 Business Wire, Inc. Standard & Poor’s–Standard & Poor’s Ratings Services today lowered its counterparty credit rating on PartnerRe Ltd. (PRE) to ‘A’ from ‘A+’. Standard & Poor’s also lowered its financial strength and counterparty credit ratings on Partner Reinsurance Co Ltd. and the other core companies of PRE… Continue reading S&P Lowers PartnerRe Group Rtgs; Outlook Stable

OLDWICK, N.J.–(BUSINESS WIRE)–Aug. 28, 2003–A.M. Best Co. has downgraded the financial strength ratings to A+ (Superior) from A++ (Superior) of Muenchener Rueckversicherungs (Munich Re), Germany, and its core subsidiaries. (See list below.) At the same time, A.M. Best has downgraded Munich Re’s EUR 1.15 billion 1.0% senior unsecured convertible Eurobonds due June 2005 to “aa”… Continue reading A.M. Best Downgrades Ratings of Munich Re

Source: Standard & Poor’s CreditWire / Corporate Finance Date: August 07, 2003 NEW YORK (Standard & Poor’s) Aug. 7, 2003–Standard & Poor’s Ratings Services said today that it placed its counterparty credit and financial strength ratings on Chicago, Ill.-based CNA Financial Corp. and its affiliates (collectively, CNA) on CreditWatch with negative implications. Standard & Poor’s… Continue reading S&P Puts CNA Financial and Loews Ratings on Watch Neg

CHICAGO–(BUSINESS WIRE)–Aug. 7, 2003–Fitch Ratings has downgraded various ratings of CNA Financial Corporation (CNA). Both CNA’s and The Continental Corporation’s senior debt ratings were downgraded to ‘BBB-‘ from ‘BBB’. Further, the insurer financial strength ratings for members of The Continental Casualty Pool (CCC), The Continental Insurance Company Pool (CIC) and the primary life insurance subsidiaries… Continue reading Fitch Ratings Downgrades CNA’s Ratings

OLDWICK, N.J.–(BUSINESS WIRE)–July 14, 2003–A.M. Best Co. has affirmed the financial strength rating of B+ (Very Good) of Connaught Insurance Company Limited, the Guernsey-based single parent captive of Thomas Greg & Sons de Colombia S.A. The outlook is stable. The rating reflects the company’s solid operating performance, strong risk-based capitalisation, high levels of liquidity and… Continue reading A.M. Best Affirms Rating of Connaught Insurance Company

OLDWICK, N.J.–(BUSINESS WIRE)–July 10, 2003–A.M. Best Co. has downgraded the financial strength ratings to A+ (Superior) from A++ (Superior) of Great-West Life Assurance Company (GWL) (Winnipeg, Manitoba), its wholly owned core subsidiary, London Life Insurance Company (London, Ontario) and Great-West Life & Annuity Insurance Co. (GWL&A) (Greenwood Village, CO). These ratings have been removed from… Continue reading A.M. Best Downgrades Ratings of Great-West; Affirms Key Financial Strength Ratings and Assigns Initial Debt Ratings to Canada Life

The following statement was released by the rating agency. NEW YORK, July 8 – Standard & Poor’s Ratings Services said today it revised its outlook on various entities of U.K.-based Royal & Sun Alliance Insurance Group PLC (R&SA) to negative from developing. At the same time, Standard & Poor’s affirmed its long-term counterparty credit and… Continue reading S&P Revises Royal & Sun Alliance Entities Outlooks