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Montpelier Re Update On S&P Ratings

Montpelier Re Update On S&P Ratings

Bermuda based re/insurer Montpelier Re Holdings Ltd. today [Aug.29] announced that Standard and Poor’s has affirmed the BBB counterparty credit rating of Montpelier Re Holdings Ltd. and its A- counterparty credit and financial strength ratings of Montpelier Re unit Montpelier Reinsurance Ltd. with a stable outlook and has upgraded the Company’s... Read more of this article

S&P Downgrades U.S. Credit Rating

S&P Downgrades U.S. Credit Rating

Standard & Poor’s announced this evening [Aug.5] that it has downgraded the U.S. credit rating, the first time the U.S has been downgraded since being awarded the top credit ranking by the New York-based company in 1941. “The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed... Read more of this article

Standard & Poor’s Affirms Platinum Ratings

Standard & Poor’s Affirms Platinum Ratings

Standard & Poor’s has affirmed its ‘A’ counterparty credit and financial strength ratings on Platinum Underwriters Reinsurance Inc. and Platinum Underwriters Bermuda Ltd. S&P also affirmed its ‘BBB+’ counterparty credit rating on Platinum Underwriters Holdings Ltd. The outlook on all of these ratings remains stable. The announcement... Read more of this article

S&P Upgrades ACE Credit Ratings to “AA”

S&P Upgrades ACE Credit Ratings to “AA”

The ACE Group today announced that Standard & Poor’s (S&P) has upgraded the financial strength and counterparty credit ratings for ACE’s core operating insurance companies to “AA-” (Very Strong). The new rating applies to ACE’s core North America, Europe and Bermuda operating companies, which together account for more than 75% of... Read more of this article

S&P Affirms OIL’s Financial Ratings

S&P Affirms OIL’s Financial Ratings

Standard and Poor’s has affirmed Bermuda-based Oil Insurance Limited (OIL) financial rating of A- “Strong” with a Stable Outlook. “The insurer financial strength rating on the Bermuda-based Oil Insurance Ltd. (OIL) is based on OIL’s very strong claims-paying resources, effective product for satisfying the goals of members’... Read more of this article

XL Comments on S&P Revised Outlook

XL Comments on S&P Revised Outlook

XL Group commented on today’s [Nov 23] Standard & Poor’s announcement that it has affirmed XL’s ratings and has revised the outlook to “Stable” from “Negative”. Additionally S&P reported that it has changed its assessment of XL’s Enterprise Risk Management to “Strong” from “Adequate”. XL... Read more of this article

S&P Lowers Ratings for Assured Guaranty

S&P Lowers Ratings for Assured Guaranty

Yesterday [Oct 25] Standard & Poor’s Ratings Services cut its credit and financial strength ratings on two subsidiaries of Bermuda-based Assured Guaranty Ltd., saying low demand for insurance among investors and bond issuers could hurt the company’s business. The ratings service lowered its counterparty credit and financial strength... Read more of this article

S&P Raises Bermuda’s Outlook To Stable

S&P Raises Bermuda’s Outlook To Stable

Last night credit ratings agency Standards and Poor’s raised the island creditworthiness to stable from negative. Calling our debt level “low although increasing” S&P said: The ratings on Bermuda reflect our assessment of one of the highest income levels among rated sovereigns alongside the government’s low, although increasing,... Read more of this article

S&P Raises Arch’s Ratings To A-Plus

S&P Raises Arch’s Ratings To A-Plus

On Thursday (July 29) Standard & Poor’s raised its financial-strength rating of Bermuda-based Arch Capital Group Ltd.’s insurance and reinsurance companies to A+ from A. “The upgrade of Bermuda-based reinsurance holding company Arch Capital and its operating insurance and reinsurance subsidiaries reflects the group’s strong... Read more of this article

Premier Brown Meets With Standards & Poors

Premier Brown Meets With Standards & Poors

Premier Dr. Ewart Brown met with representatives of financial analysts Standards & Poor’s yesterday [May 4] at the Cabinet Building. Representing Standards and Poors was Nikola Swann, Director of Public Finance Sovereign Ratings and Trevor Cullinan Associate Director of Sovereign Ratings. The Premier said: Bermuda’s AA rating is on par with... Read more of this article