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CHICAGO–(BUSINESS WIRE)–July 7, 2003– Employers can expect more of the same in 2004: double-digit increases to the cost of their health plans. This forecast, according to Aon Consulting’s Spring 2003 Health Care Trend Survey, represents figures from actuaries at more than 20 leading medical, dental, pharmacy and vision insurers. The ramifications for Corporate America: employers… Continue reading AON FORECAST: EMPLOYER HEALTH PLANS TO SEE DOUBLE-DIGIT INCREASES IN 2004 – HEALTH PLAN INCREASES ARE EIGHT TIMES CURRENT INFLATION RATE; INCREASES VARY LITTLE BY PLAN TYPE

LONDON, July 4 – Moody’s Investors Service today downgraded the ratings of Royal & Sun Alliance Insurance Group (RSA) and subsidiaries by one notch. The Insurance Financial Strength Rating (IFSR) of Royal & Sun Alliance Insurance Plc was downgraded to Baa2 from Baa1; its Commercial Paper rating remains unchanged at P-3. The subordinated debt rating… Continue reading Moody’s cuts R&SA’sIFS rating to Baa2

June 26, 3:56 p.m. EDT, New York—A.M. Best has downgraded the financial strength rating of Gulf Insurance Group and its subsidiaries to “A” (Excellent) from “A-Plus” (Superior), citing its concern over the company’s “underwriting deterioration, increased earnings volatility and its diminished standalone capitalization.” The lowered rating for Gulf Insurance Group, which is part of Travelers… Continue reading Best Downgrades Gulf Insurance Rating

OLDWICK, N.J.–(BUSINESS WIRE)–June 26, 2003–A.M. Best Co. has placed the financial strength rating of A (Excellent) of the members of GE Financial/P&C (Fort Washington, PA) under review with developing implications. The action follows the June 25, 2003, announcement that General Electric Company’s (GE) GE Insurance unit agreed to sell GE Property & Casualty Insurance Company… Continue reading A.M. Best Places Rating of GE Financial/P&C Under Review

NEW YORK–(BUSINESS WIRE)–June 26, 2003–Standard & Poor’s–Standard & Poor’s Ratings Services said today that it revised its outlook on MGIC Investment Corp. (Investment), a holding company, and its mortgage insurance (MI) subsidiaries — Mortgage Guaranty Insurance Corp. (MGIC), MGIC Mortgage Insurance Corp., and MGIC Indemnity Corp.– because of a recent moderate decline in profitability of… Continue reading S&P Revises MGIC Investment and Subs Outlook to Neg

June 26, 10:09 a.m. EDT, New York—Standard & Poor’s Ratings Services has downgraded the credit rating for Atlantic Mutual Companies and its subsidiaries to “Triple-B” from “Triple-B-Plus”, citing the company’s “weak underwriting performance.” The counterparty risk of default and financial strength assessments for a number of Atlantic Mutual units—including Atlantic Mutual Insurance, Centennial Insurance and… Continue reading S&P Cuts Atlantic Mutual Ratings

Business Wire – June 25, 2003 16:51 NEW YORK–(BUSINESS WIRE)–June 25, 2003–Standard & Poor’s-Standard & Poor’s Ratings Services said today that it lowered its counterparty credit and financial strength ratings on Atlantic Mutual Insurance Co. (AMIC), Centennial Insurance Co., Atlantic Specialty Insurance Co., and Atlantic Lloyds Insurance Co. of Texas (collectively referred to as Atlantic… Continue reading S&P Lowers Atlantic Mutual Rtgs to ‘BBB’; Outlook Neg

Business Wire – June 13, 2003 16:08 OLDWICK, N.J.–(BUSINESS WIRE)–June 13, 2003–A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of The St. Paul Companies, Inc.’s (St. Paul, MN) (NYSE: SPC) property/casualty subsidiaries. Concurrently, A.M. Best has downgraded its senior debt rating to “bbb+” from “a-“, subordinated debt to “bbb” from “bbb+”,… Continue reading A.M. Best Affirms Financial Strength Rating of St. Paul; Downgrades Debt Ratings

NU Online News Service, June 10, 4:14 p.m. EDT—A.M. Best said it has downgraded its ratings for Bermuda-based ACE Limited’s debt securities as well as those for securities guaranteed by ACE while affirming the financial strength ratings of ACE’s operating units. In today’s ratings action, the Oldwick, N.J.-based rating agency lowered ACE’s senior debt rating… Continue reading Best Lowers ACE’s Debt Ratings

OLDWICK, N.J.–(BUSINESS WIRE)–June 6, 2003–A.M. Best Co. has placed the financial strength rating of A- (Excellent) of the Atlantic Mutual Companies (The Atlantic) (New York) under review with negative implications. Concurrently, A.M. Best has placed the “bbb” debt rating of Atlantic Mutual Insurance Company’s existing $100 million 8.15% surplus notes, due February 2028 under review… Continue reading A.M. Best Places Ratings of Atlantic Mutual Companies Under Review with Negative Implications