Core Insights - The U.S. Property and Casualty (P&C) Insurance Performance Rankings indicate that commercial insurers outperformed personal line carriers in key performance metrics, including earnings and underwriting profitability [1][4] - Kinsale Capital Group Inc. was ranked as the top performing U.S. P&C insurer for the second consecutive year, with a direct premiums written growth of nearly 42.4% and a total volume of $1.57 billion in 2023, marking a 105.2% increase from two years prior [3] - Only two personal lines carriers, Progressive Corp. and Berkshire Hathaway Inc., made it to the top 50 performers, with both companies showing strong performance in their private auto businesses [4] Performance Metrics - The rankings are based on 13 financial metrics from 2023 statutory filings, categorized into six buckets: rates of return, underwriting profitability, balance sheet expansion, investment performance, prior-accident-year reserve development, and premium growth [2] - Specialty commercial lines underwriters benefited from favorable pricing and disciplined underwriting, which were common themes among top performers [4] Company Rankings - The U.S. subsidiary of Arch Capital Group Ltd. secured the second spot in the rankings, while FM Global Group's U.S. subsidiary ranked third [3] - Berkshire Hathaway's overall performance was bolstered by significant net realized capital gains, contributing to its ranking [4]

Core Insights - Nearly 2 million vehicles have returned to U.S. roads after airbag deployments in the last two years, presenting a risk of counterfeit airbags being installed as replacements [6][2] - The National Highway Traffic Safety Administration (NHTSA) warns that counterfeit airbags can lead to severe injuries or fatalities in accidents [7][2] - Consumers are encouraged to check vehicle history reports for airbag deployments and ensure that any replacement airbags are genuine [3][7] Group 1: Vehicle Statistics - Texas has the highest number of vehicles back on the road with 206,000, followed by Florida with 106,000 and North Carolina with 100,000 [1] - Ten states have more than 40,000 vehicles that have been involved in airbag deployments [1] Group 2: Consumer Guidance - Consumers can access free Vehicle History Reports on CARFAX.com to check for airbag deployments in used cars [3] - It is recommended that consumers have a trusted mechanic inspect any replacement airbags before purchasing a used vehicle [3][4] - NHTSA emphasizes the importance of verifying the history of a vehicle and ensuring it has genuine airbag inflators to avoid potential risks [7] Group 3: Industry Context - CARFAX, part of S&P Global Mobility, provides vehicle history information and has the largest vehicle history database [8][5] - S&P Global is recognized as a leading provider of credit ratings and analytics in various markets, including automotive [5]

Independent loan pricing solution designed to support trading, valuations, and risk management LONDON, July 9, 2024 /PRNewswire/ -- S&P Global Market Intelligence has announced the launch of its new Evaluated Loan Pricing, enabling market participants to benefit from a much-expanded loan pricing solution. Offering greater transparency to the market, the new expanded service now provides independent and transparent pricing for more than 8,000 leveraged loans worldwide. "We are excited to introduce our enhanc ...

Core Points - S&P Global will release its second quarter 2024 financial results on July 30, 2024, at approximately 7:15 a.m. Eastern Daylight Time [3] - A conference call and webcast will be held at 8:30 a.m. Eastern Daylight Time on the same day to discuss the financial results, featuring key executives including the new President and CEO, Martina Cheung [4] - The presentation will be accessible to all interested parties and may include forward-looking information, with additional materials available on the company's Investor Relations website [5] Company Overview - S&P Global provides essential intelligence, enabling governments, businesses, and individuals to make informed decisions through data, expertise, and technology [8] - The company is recognized for its credit ratings, benchmarks, analytics, and workflow solutions across global capital, commodity, and automotive markets [9]

Core Points - Protagonist Therapeutics Inc. will replace Encore Wire Corp. in the S&P SmallCap 600 effective July 3, 2024 [1][3] - The acquisition of Encore Wire by Prysmian SpA is expected to be completed soon, pending final conditions [1] Company Changes - Addition: Protagonist Therapeutics (Ticker: PTGX) in the Health Care sector [3] - Deletion: Encore Wire (Ticker: WIRE) in the Industrials sector [3]

Core Viewpoint - S&P Global Ratings has appointed Yann Le Pallec as the new President, effective November 1, 2024, succeeding Martina L. Cheung, who will become President and CEO of S&P Global [1][10]. Group 1: Leadership Transition - Yann Le Pallec has been with S&P Global Ratings since 1999, holding various roles that have built his expertise in credit markets and change management [2][7]. - He currently leads a team of over 2,200 analysts and support staff across 28 countries, managing more than one million ratings on entities and securities [2][5]. - Martina L. Cheung expressed confidence in Le Pallec's ability to maintain the analytical integrity and excellence of the ratings business [3]. Group 2: Background of Yann Le Pallec - Le Pallec has held diverse responsibilities, including Head of Global Corporate Ratings, overseeing 500 analysts analyzing over 4,000 non-financial corporations globally [7]. - He has also managed S&P's credit ratings business in EMEA, leading a team of over 900 analysts [7]. - Prior to joining S&P Global Ratings, he was a Senior Manager at the Paris-based audit firm Salustro Reydel [8]. Group 3: About S&P Global Ratings - S&P Global Ratings is the world's leading provider of independent credit risk research, publishing over one million credit ratings on various entities [15]. - The organization has over 1,600 credit analysts in 27 countries and has more than 150 years of experience in assessing credit risk [15].

Core Insights - S&P Global has appointed Martina L. Cheung as the new President and CEO, effective November 1, 2024, succeeding Douglas L. Peterson, who will remain as a special advisor until December 31, 2025 [18][22]. Leadership Transition - The Board of Directors conducted a thorough succession process, expressing confidence in Ms. Cheung's leadership capabilities to guide S&P Global into its next growth phase [16][19]. - Douglas L. Peterson has been instrumental in transforming S&P Global, overseeing significant growth and strategic investments during his tenure as CEO since 2013 [5][23]. Financial Performance - Under Ms. Cheung's leadership, S&P Global Ratings achieved $3.3 billion in annual revenue for 2023, marking a 9% increase from the previous year, with a full-year operating profit margin of 56.5% [15]. - S&P Global Sustainable1 experienced a revenue growth of 24% in 2023 [15]. Company Growth and Strategy - During Peterson's leadership, S&P Global's revenue grew from $4.45 billion to $12.50 billion, with adjusted diluted earnings per share increasing from $2.75 to $12.60 [23]. - The company returned over $30 billion to shareholders through dividends and share repurchases, and its market capitalization increased from $16 billion to over $135 billion [23]. Industry Impact and Recognition - Ms. Cheung has been recognized for her leadership and contributions to the industry, receiving multiple awards and honors, including the 2023 Top 100 Women Executives and the 2024 Top 100 Empower Executives lists [4]. - Peterson's leadership has positioned S&P Global as a focused, market-oriented information services company, anticipating key trends in financial markets [20].

NEW YORK, June 27, 2024 /PRNewswire/ -- S&P Global Ratings is excited to announce its participation in the Monetary Authority of Singapore's (MAS) Project Guardian, a collaborative initiative between policymakers and the financial industry to enhance the liquidity and efficiency of financial markets through asset tokenization. Chuck Mounts, Chief DeFi Officer, S&P Global Ratings: "We are delighted to join Project Guardian. This is another step forward in our commitment to leveraging our robust analytical an ...

S&P Global Commodity Insights is the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities, energy, metals and energy transition markets. The 73rd annual edition of the Statistical Review of World Energy, published on June 20, 2024, presents for the first time full global energy data for 2023. Commenting, Energy Institute Chief Executive Dr Nick Wayth FEI said: "The Statistical Review of World Energy provides a comprehensive picture of globa ...

New light vehicle sales in June are expected to maintain pace with the previous month result and translate to one of the stronger seasonally adjusted results since 2021 While recent events such as the dealer management software cyberattack and stop-sale announcement on certain Toyota and Lexus vehicles could hamper some of the progress realized earlier in the month, June US auto sales are expected to follow-up the notable May advance with another solid result. Mixed signals continue to prevail within the ne ...