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.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
