Standard & Poors
S&P raises rating on J.P. Morgan’s broker-dealer subsidiaryPosted by RJ and Makay on Aug 11, 2011 |
>> Read More RJ & Makay Blog Posts
The Associated Press reported that Standard & Poors Ratings Services has raised its credit rating on J.P, Morgan Clearing Corp., a broker-dealer subsidiary of J.P. Morgan Chase & Co. The ratings upgrade, to AA/A-1+, was secured by J.P. Morgan Securities LLC unconditional guarantee of the obligations of J.P. Morgan Clearing, S&P said.
Reinsurance business continues to attract investorsPosted by RJ and Makay on Aug 11, 2011 |
>> Read More RJ & Makay Blog Posts
The recent spotlight on Transatlantic Holdings is drawing fresh attention to the reinsurance business. The potential for lucrative fees and quick returns has long made the sector a darling of Wall Street. In a typical year, reinsurers collectively write about $100 billion in new premiums. The amount earned ultimately hinges on the number and scope of major disasters.
Life/Annuity sector may be downgraded: A.M. BestPosted by RJ and Makay on Jul 26, 2011 |
>> Read More RJ & Makay Blog Posts
A.M. Best Co. is becoming increasingly concerned with the escalating level of global economic uncertainty the past few months and is considering a rating revision, from stable to negative, for the U.S. Life/Annuity insurance sector. Much of the concern stems from continued economic weakness in European countries and the unresolved debt crisis in the United States, which have elevated the risk profile of life insurers, A.M. Best says.
Bible
