S&P Withdraws GE Re’s Ratings

Standard & Poor’s Ratings Services announced that it has withdrawn its “AA-” long-term counterparty credit and insurer financial strength ratings on U.S.-based GE Reinsurance Corp.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.”