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CIGNA Affirmed As 'Above Average'.(Brief Article)
CIGNA Investments has been affirmed as an "above average" commercial mortgage special servicer by rating agency Standard & Poor's.
S&P said the affirmation is based on the company's "solid and highly tenured management team, fully documented and proactive procedures for loan monitoring, workouts, property oversight, sound control mechanisms (including an improved internal audit process), and effective reporting capabilities."
S&P also said CIGNA's automated loan review process serves to identify potentially troubled loans and promote a proactive asset resolution process.
The rating agency also said CIGNA "has made progress consolidating and streamlining its systems environment for improved data management asset-tracking efficiency."
While ...
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- DCR Reaffirms CIGNA's Ratings.
- Press release article from: PR Newswire February 9, 2000 700+ words
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- Press release article from: Business Wire August 18, 1999 700+ words
...corporate parent. The rating agency also assigned ratings...ratings of the former CIGNA's active domestic...business, including CIGNA's domestic run-off...registration capacity. The rating agency noted, that although...policyholder obligations of CIGNA P&C's operations...
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- Press release article from: PR Newswire July 6, 1999 700+ words
...CIGNA Insurance Co. of the Midwest, CIGNA Lloyds Insurance Co., CIGNA Property & Casualty Insurance...Co., Century Reinsurance Co. and CIGNA Reinsurance Co. DCR is a leading global rating agency with 32 local market offices providing...
- CIGNA to Sell Insurer's Hartford, Conn., Retirement Unit to Prudential.
- Newspaper article from: Knight Ridder/Tribune Business News November 13, 2003 700+ words
...have been cut in Connecticut. CIGNA Retirement & Investment...with $57 million a year ago. CIGNA Corp., grappling with problems...strength but has some drawbacks. Rating agency Fitch has said that disposing...pension business would hurt CIGNA's overall operating profile...
- CIGNA to Sell Retirement-Services Division to Prudential Financial.
- Newspaper article from: The Hartford Courant (Hartford, Connecticut) (via Knight-Ridder/Tribune Business News) November 18, 2003 700+ words
...statement. Wendell Potter, a CIGNA spokesman, said no dollar...this year or early in 2004. CIGNA has been laying off thousands...but has some drawbacks. Rating agency Fitch has said disposing of the pension business would hurt CIGNA's overall operating profile...
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- Magazine article from: National Mortgage News September 15, 2003 700+ words
...resolution process. The rating agency also said CIGNA "has made progress consolidating...efficiency." While saying CIGNA has a solid history of successfully...troubled mortgage loans, the rating agency noted that CIGNA only is named a special servicer...
- CIGNA CORPORATION CEO RESPONDS TO NEW S&P RATING
- Press release article from: PR Newswire November 19, 1993 700+ words
...which Taylor noted was CIGNA's flagship life insurance...financial position of both CIGNA and CG, and S&P...Aa3" or "AA-" from any rating agency and are New York licensed...from $1.1 billion in 1990. CIGNA's businesses rank among the...
Source: HighBeam Research, CIGNA Affirmed As 'Above Average'.(Brief Article)