Fitch Ratings
Fitch: Insurers can absorb Greek debt swap
European insurers will not be adversely affected by the recent Greek debt swap as they have already written down their holdings according to Fitch Ratings.
Ratings agencies accept no blame for financial losses
Standard & Poor’s (S&P) head of financial services ratings has told the Treasury Select Committee (TSC) that people shouldn’t rely on their ratings when making financial decisions.
Fitch rates FM Global AA for sixth year in a row
FM Global has retained its ‘AA’ rating in financial strength, and been given a ‘Stable’ outlook, for the sixth year running by Fitch Ratings.
Fitch upbeat about Tokio Marine
Credit rating agency Fitch has strengthened the outlook for Tokio Marine & Nichido Fire Insurance Co. (TMFN) to stable from negative and confirmed the company’s Insurer Financial Strength (IFS) rating at AA-.
Towergate responds to Fitch rating warning
Towergate has declared its finances to be “rock solid” as credit rating agency Fitch downgraded its outlook from stable to negative.
Towergate warned on rating downgrade risk
Fitch Ratings has warned that Towergate Finance faces an issuer default rating (IDR) downgrade in the next two years unless the broker can deleverage further and increase its EBITDA.
QBE maintains rating status despite profit warning
Credit rating agencies Fitch and AM Best have both reaffirmed their ‘excellent’ level ratings on QBE following it announcement on 12 January that group profits would be up to 50% lower than the $1.3bn (£834m) announced in 2010.
Capita appoints new chief of service provision from FSA
Capita Commercial Insurance Services has appointed Greg Carter as director of client services, reporting to Brent Escott, head of the general insurance division.
Government investigates credit ratings agencies
The Treasury Committee has launched an investigation into credit rating agencies questioning the transparency and soundness of their methodologies.
Cost of riots unlikely to affect market rates
Fitch Ratings has predicted that the losses from the recent rioting across the UK will have no impact on UK insurers' ratings.
New credit rating service Litmus Analysis enters the financial market
A new credit ratings analysis service, which aims to clarify how ratings are calculated, has been launched.
Brit recommends buyout deal to shareholders
Brit Insurance has moved a step closer to selling the business after revealing it expects to recommend a buyout offer by Apollo Management and CVC Capital Partners to its shareholders.