|
|
 |
|
Viewing report
|
|
|
|
Amercn States Interco Pool AA CPA Rtg Put on S&PWatch Mar 96
Standard & Poors, March 1996
Abstract
NY -- Standard & Poor's CreditWire 3/15/96 -- Standard & Poor's places its double-`A' claims-paying ability rating of American States Intercompany Pool (ASIG) on CreditWatch with negative implications. The CreditWatch placement is driven mostly by Standard & Poor's concern over ASIG's business review rather than the recent announcement that its direct parent, American States Financial Corp., intends to undertake a partial initial public offering. Since initiating its `New Directions' strategy in 1990, ASIG's premium volume has dropped 20% as the company pruned less profitable accounts and tightened underwriting standards. Premium growth returned to a very modest extent in 1995, growing only 1% to $1.67 billion in 1995. While underwriting performance has improved with its loss ratio dropped to 71.1% in...
Companies mentioned in this report are: American States Intercompany Pool
Action: New Rating
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
