A.M. Best Co. has withdrawn the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a” and assigned an NR-5 (Not Formally Followed) to GE Reinsurance Corporation (GE Re).
The action follows the completion of the meger of GE Re into Swiss Reinsurance America Corporation (Swiss Re America) on Jan.. 1, 2007.
Best also noted: “Swiss Re America has a FSR of ‘A+’ (Superior) and an ICR of ‘aa-‘. The FSR has a stable outlook, while the ICR has a negative one.” Swiss Re America’s FSR, ICR and outlooks are reflective of its ultimate parent, Swiss Re.
Was this article valuable?
Here are more articles you may enjoy.
State Farm Adjuster’s Opinion Does Not Override Policy Exclusion in MS Sewage Backup 
World’s Growing Civil Unrest Has an Insurance Sting 
Preparing for an AI Native Future 
Gun Accessory Company to Pay $1.75 Million to Buffalo Supermarket Shooting Victims 
