Standard & Poor’s Ratings Services announced that it has withdrawn its “AA-” long-term counterparty credit and insurer financial strength ratings on U.S.-based GE Reinsurance Corp.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.
Uber and FedEx Get Green Light for Racketeering Suit Against Lawyers, Doctors 
Florida Governor Signs Bill Dropping Building Permits for Work Valued at $7,500 or Less 
Ex-NFL Player Sentenced to 16 Years in Prison for $200M Medicare Fraud Scheme 
Progressive Insurance Helps First-Time Homebuyers With Down Payments 
