Following press speculation that its ultimate parent, General Electric Company (GE), is considering spinning it off, Employers Reinsurance Corporation's insurance financial strength Aaa rating has been reiterated as being on negative outlook by Moody's Investors Service.
GE Global Insurance Holding Corporation's rating is Aa1, also on negative outlook.
Both ratings have been on negative outlook since the World Trade Centre events.
Moody's indicated that if GE does elect to exit the reinsurance business, both companies ratings are likely to be lowered "by multiple notches".
