A.M. Best Co. has withdrawn the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a” and assigned an NR-5 (Not Formally Followed) to GE Reinsurance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.
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