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ACE INA U.K. Ltd.
Standard & Poors, Aug 2003
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
Abstract
(Editor's note: ACE INA U.K. was reauthorized on Jan. 1, 2003, before which time it was largely in run-off. Given the substantial change in the company, historical financial data are not shown.) The ratings on ACE INA U.K. Ltd. (ACE INA U.K.) are based on its core status within the ACE group (main operating entities are rated A+/Negative). Its core status is underlined by its prospectively stand-alone characteristic of a well-diversified European franchise, good capitalization, and conservative investment strategy. These positive rating factors are offset by volatility in the operating performance of the business being transferred into ACE INA U.K. ACE INA U.K., formerly known as Insurance Co. of North America (U.K.) Ltd., has been re-authorized by the Financial Services...
Companies mentioned in this report are: ACE European Group Ltd.,Insurance Co. of North America,ACE Property & Casualty Insurance Co.,Westchester Fire Insurance Co.,ACE Indemnity Insurance Co.,Allied Insurance Co.,Atlantic Employers Insurance Co.,Bankers Standard Fire & Marine Co.,Bankers Standard Insurance Co.,Illinois Union Insurance Co.,ACE Employers Insurance Co.,ACE American Insurance Co.,Pacific Employers Insurance Co.,Assured Guaranty Corp,ACE Fire Underwriters Insurance Co.,ACE Insurance Co. of the Midwest,ACE Insurance Co. of Texas,ACE Insurance Co. of Illinois,ACE Insurance Co. of Ohio,ACE Ltd.,Westchester Surplus Lines Insurance Co.,Century Indemnity Co.,ACE American Lloyd's Insurance Co.,Indemnity Insurance Co. of North America,INA Surplus Insurance Co.,Assured Guaranty Mortgage Insurance Company,Assured Guaranty Re Overseas Ltd.,ACE Capital Title Reinsurance Co.,ACE Tempest Reinsurance Ltd.,ACE Insurance S.A. - N.V.,ACE Bermuda Insurance Ltd.,Corporate Officers and Directors Assurance Ltd.,ACE INA Insurance ,ACE INA Holdings Inc.,ACE Bermuda International Insurance (Ireland) Ltd.,ACE Bermuda International Reinsurance (Ireland) Ltd.,Assured Guaranty Re Ltd.,ACE Tempest Life Reinsurance Ltd.,ACE Insurance ,ACE Insurance Ltd. (Australia),ACE Capital Trust III,ACE Capital Trust IV
Action: Review
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