Employers Re Comments on S&P Rating

GE's Employers Reinsurance Corporation (GE ERC) yesterday responded to Standard & Poor's A+ rating by reaffirming the company's financial strength and progress on its turnaround. "S&P's rating says more about our past than our future," said Ron Pressman, Chairman, President, CEO. "We have faced the challenges of the past and made tremendous progress. ERC has never been stronger financially or strategically than it is today, and our future is bright." Pressman highlighted the company's continued operating improvement and underwriting performance: *Underwriting Performance - ERC's underwr...