AM Best leaves Swiss Re ratings unchanged
AM Best has announced that Swiss Re’s financial strength rating of A+ (superior) remains unchanged following the company’s announcement that it is to buy CNA Financial’s life insurance book of business.
The rating agency said that the proposed transaction was in line with Swiss Re’s strategy to expand its Admin Re portfolio whereby it acquires companies or blocks of business for run-off. The ratingOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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