Moody's has downgraded GE Global Insurance Holding Corporation and its rated operating subsidiaries.
GE Global dropped from A1 to Aa1 on senior debt, while the subsidiaries dropped from Aaa to Aa2 on insurance financial strength.
GE Global is an indirect subsidiary of General Electric Company and operates mainly as Employers Reinsurance Corporation.
Moody's started reviewing GE Global in October, after GE's announcement that it would continue to "explore strategic options" for GE Global.
Moody's said GE's long-term commitment to reinsurance had been stressed by Employers Re's continued poor performance.
