A.M. Best Co. has withdrawn the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a” and assigned an NR-5 (Not Formally Followed) to GE Reinsurance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.
Why Toyota RAV4s Are Suddenly the Most Coveted Used Cars in America 
Workers’ Families, Other Parties Settle Baltimore Bridge Tragedy Claims 
Social Media Giants to Pay $27 Million in School Suit Accord 
The Future of Appraisal and the Rising Standard of Competency 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.