Despite positive potential, Swiss Re's acquisition of GE InsuranceSolutions has resulted in a negative outlook on the company from Moody's.

Moody's announced today that it confirmed the "Aa2" insurance financial strength and senior debt ratings of Swiss Re as well as its "A1" subordinated debt rating, with a negative outlook.

The decision to review Swiss Re for a possible downgrade was made last November, Moody's said, when the company announced it had reached an agreement with General Electric to acquire GE Insurance Solutions for $6.8 billion.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.