So far the signs seem favorable for the outcome of the merger between Swiss Re and GE Insurance Solutions. Late last month, A.M. Best affirmed the financial strength ratings for both Swiss Re and GE's rated subsidiaries two months after the mega-deal was completed.
"In A.M. Best's view, Swiss Re's risk-adjusted capitalization remains very strong following the acquisition of GE Insurance Solutions, despite higher capital requirements from increased exposure of the combined group to natural catastrophes and other acquisition effects," the agency wrote.
Best also said the acquisition provides Swiss Re with better access to the U.S. broker market and diversifies its portfolio.
Continue Reading for Free
Register and gain access to:
- 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
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.