Ratings agencies mark Swiss Re for possible downgrade
Fitch Ratings has placed Swiss Re on Rating Watch Negative and GE Insurance Solutions (GE Insurance) on Rating Watch Positive.
The rating actions follow the announcement that Swiss Re is planning to acquire GE Insurance from General Electric Company for $6.8bn. Terms of the transaction also call for Swiss Re to assume $1.7bn
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Personal
What NatWest was doing while Amazon’s efforts crashed and burned
Editor’s View: At the end of 2022 all eyes were on Amazon’s Insurance Store, but Emma Ann Hughes observes perhaps more attention should have been paid to what NatWest was quietly doing with technology and financial services distribution.
Allianz detects record levels of fraud in 2024
Allianz has announced it detected record levels of fraud in 2024, up 10% from 2023.
Cuvva ‘eyeing’ annual motor insurance
Short-term car motor insurance firm Cuvva “has its eye on” annual motor insurance, according to CEO and founder Freddy Macnamara.
Bridgehaven’s Jewell’s verdict on Covéa CEO’s MGA decision
Paul Jewell, founder of hybrid-fronting insurer Bridgehaven, has shared his thoughts on rival Georges de Macedo, CEO of Covéa Insurance, deciding his business won’t work with MGAs again.
Aviva’s Storah welcomes government’s £2.65bn flood defence investment
After the government announced an investment of £2.65bn over the next two years to fix flood defences, Aviva’s general insurance CEO for UK and Ireland welcomed the news.
Pet premiums decrease after fluctuant 2024
Pet insurance premiums decreased in Q4 2024 after an "anything but predictable year", according to the latest data from Pearson Ham Group.
LA blaze shows insurers must be agents of resilience
As the cost of fixing the damage done by the Los Angeles wildfires runs into billions of pounds, Rory Yates, global strategic lead at EIS, argues rather than retreat from risk claiming withdrawal is the only option, insurers must demonstrate every avenue for resolution has been pursued.
Careless Covid criminal caught for insurance fraud
A man has been found guilty after claiming that he was forced to cancel 14 holidays due to Covid-19 to claim on his insurance policies.