GE Insurance Solutions Under Review By A.M. Best
NU Online News Service, Feb. 7, 11:36 a.m. EST?A.M. Best Co. has placed the financial strength ratings of various GE Insurance Solutions Corp. units under review with "negative implications," following the company's recent announcement of a significant reserve charge.[@@]
The GE Insurance Solutions units that are affected by The Oldwick, N.J.-based rating firm's action include: Employers Reinsurance Corp., GE Reinsurance Corp., First Specialty Insurance Corp., and Westport Insurance Corp. These subsidiaries currently have "A" financial strength ratings from A.M. Best.
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