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The announcement Friday from S&P's London office cited improved non-life fundamentals and balance sheet resilience as reasons for the upgrade of insurer financial strength ratings of core operating

With expected premium declines in the 20-to-25 percent range topping its 2009 budget numbers, XL Capital has announced plans to slash 10 percent of its workforce to keep expenses in line with

After committing another $30 billion to its already massive rescue effort to keep American International Group in business, federal officials warned that even more government aid might be needed down

S&P lowered the financial strength rating on the property-casualty and life companies from "A-plus" to "A." It also lowered the counterparty credit rating on Hartford Financial Services Group to

The Oldwick, N.J.-based insurer downgraded the financial strength rating to "A (Excellent)" from "A-plus (Superior)." It also downgraded the issuer credit ratings to "a-plus" from "double-a-minus."

The Oldwick, N.J.-based insurer downgraded the financial strength rating to "A (Excellent)" from "A-plus (Superior)." It also downgraded the issuer credit ratings to "a-plus" from "double-a-minus."

A.M. Best Co. has downgraded the financial strength ratings and the issuer credit ratings of the key property-casualty insurance subsidiaries of The Hartford Financial Services Group, due to the

Despite reporting a $60 billion-plus loss for the fourth quarter, American International Group got generally mixed reviews from rating agencies, most supporting the company's insurance financial