Standard & Poor’s Ratings Services announced that it has withdrawn its “AA-” long-term counterparty credit and insurer financial strength ratings on U.S.-based GE Reinsurance Corp.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.
Trump’s EPA Rollbacks Will Reverberate for ‘Decades’ 
World’s Growing Civil Unrest Has an Insurance Sting 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
