Standard & Poor’s Ratings Services announced that it has withdrawn its “AA-” long-term counterparty credit and insurer financial strength ratings on U.S.-based GE Reinsurance Corp.
S&P said it took the rating action following “the company’s merger with Swiss Reinsurance America Corp. (AA-/Stable/–), effective Jan. 1, 2007. The merger is fully in accordance with plans previously outlined to rationalize the Swiss Re group’s legal structure following the acquisition of Swiss Re Insurance Solutions.”
Was this article valuable?
Here are more articles you may enjoy.
Mamdani Delivers Rent Freeze in Milestone for New York City Tenants 
Viewpoint: Boom in Hyperscale Data Centers Puts Re/Insurers to the Test 
Why Are Property & Casualty Carriers So Profitable? 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
