Best Lowers Ratings for Employers Re

A.M. Best Co. has lowered the financial strength ratings to A+ (Superior) from A++ (Superior) of Employers Reinsurance Corporation, (Overland Park, KS) and its affiliated domestic and international non-life and life reinsurance companies, cumulatively comprising the GE Global Insurance Group (GE Global). Concurrently, the rating on the existing senior debt securities was lowered from "aa-" to "a" on the securities issued by the group's direct parent, GE Global Insurance Holding Corp. The rating outlook for all assigned ratings remains negative. These rating actions follow General Electri...