Fitch Ratings has affirmed its ratings on Flagstone Reinsurance Holdings, Ltd. and subsidiaries (collectively Flagstone) and removed the ratings from Rating Watch Negative. The Rating Outlook is Stable. (A full list of ratings is included at the end of this release.)
Fitch’s rating actions reflects its view that Flagstone is no longer actively pursuing the [...]
Fitch Ratings has affirmed its ratings on Flagstone Reinsurance Holdings, Ltd. and subsidiaries (collectively Flagstone) and removed the ratings from Rating Watch Negative. The Rating Outlook is Stable. (A full list of ratings is included at the end of this release.)
Fitch’s rating actions reflects its view that Flagstone is no longer actively pursuing the [...]
Fitch Ratings has downgraded Pacific LifeCorp’s (PLC) senior unsecured debt rating to ‘A-’ from ‘A’ and the Insurer Financial Strength (IFS) ratings of PLC’s primary life insurance subsidiaries to ‘AA-’ from ‘AA’. In addition, the commercial paper (CP) program of Pacific Life Insurance Company (PLIC) was affirmed at ‘F1+’. See complete list of rating actions [...]
On November 10 Fitch Ratings affirmed the ‘A’ long-term Issuer Default Rating (IDR) of United Guaranty Corp. (UGC), the ‘AA-’ insurer financial strength (IFS) rating of United Guaranty Residential Insurance Company (UGRIC), and the ‘A’ IFS rating of Ezer Mortgage Insurance Company Ltd. (EMI). All of the ratings were removed from Rating Watch Evolving and [...]
Fitch Ratings has withdrawn its quantitative insurer financial strength (Q-IFS) ratings on the following companies:
Cariten Health Plan Inc. (NAIC Code 95754)
–Q-IFS ‘BBq’.
Cariten Insurance Company (NAIC Code 82740)
–Q-IFS ‘BBq’.
The ratings have been withdrawn as the companies no longer meet Fitch’s criteria to be eligible to receive a Q-IFS rating. Additional information on Fitch’s Q-IFS ratings is [...]
Fitch Ratings released its annual analysis of the U.S. insurance brokerage industry. Fitch’s Rating Outlook for the insurance broker industry is Stable. A Stable Outlook implies that Fitch would not expect ratings to change in the near term for the brokers in Fitch’s ratings universe.
Through the first nine months of 2008, financial results indicate [...]
Fitch Ratings has downgraded the Insurer Financial Strength (IFS) rating of Primerica Life Insurance Company (Primerica Life) to ‘A+’ from ‘AA-’, reflecting Fitch’s downgrade of Primerica Life’s ultimate parent, Citigroup Inc (Citigroup) yesterday. The rating has also been removed the Rating Watch Negative. The Rating Outlook is Evolving.
Primerica Life’s rating is linked to the ratings [...]
Assured Guaranty Ltd. issued the following statement from Dominic Frederico, President and Chief Executive Officer of Assured, in response to the announcement by Moody’s Investors Service (“Moody’s”) that it has downgraded the ratings of Assured Guaranty Ltd. and its subsidiaries. Moody’s also announced that its ratings outlook for all of Assured’s ratings is “stable.” The [...]
The U.S. property/casualty insurance industry experienced a sharp decline in performance in the first nine months of 2008. Profitability fell due to poor investment results, above average catastrophe losses, and deteriorating accident-year underwriting income, which were partially offset by favorable prior years’ loss reserve development.
Economic and financial market turmoil has adversely affected all financial services [...]
Thacher Proffitt & Wood LLP announced today that its Derivatives and Structured Products practice group has published, “Fitch Initiates Review of Counterparty Criteria for Structured Finance Transactions,” authored by Practice Group Chair, Jeffrey H. Koppele.
Fitch Ratings announced on October 15, 2008, that it has initiated a review of its counterparty criteria for global structured finance [...]
