Outlook changes were more abundant than actual rating changes in 2008. A.M. Best raised the outlook for several companies, including Hannover Re, Max Bermuda, and Paris Re. S&P also raised a few outlooks, including ACE, Montpelier and Scor, and lowered those on several others, such as Everest Re and Mapfre Re. S&P also revised several positive outlooks back to stable, citing the economic downturn in most of these actions.
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