A.M. Best has removed from under review with positive implications and upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to "aa" from "aa-" of Swiss Reinsurance Co. Ltd. (Switzerland) and affiliates. Additionally, A.M. Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior). At the same time, A.M. Best has affirmed the Short-Term Issue Credit Rating (Short-Term IR) and upgraded the related Long-Term Issue Credit Ratings (Long-Term IR) of Swiss Reinsurance Company Ltd and its subsidiaries. The outlook assigned to these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies and ratings.)
The ratings were placed under review with positive implications on 13 October 2017, following the release of the updated Best's Credit Rating Methodology (BCRM). The ratings have been removed from under review, as A.M. Best has completed its analysis of the Swiss Re companies under the updated BCRM.
The rating upgrades reflect A.M. Best’s opinion that the rating fundamentals of the consolidated Swiss Re group (Swiss Re), as analysed under the updated BCRM, are supportive of the revised Long-Term ICR. The ratings reflect Swiss Re’s balance sheet strength, which A.M. Best categorises as strongest, as well as its strong operating performance, very favourable business profile and very strong enterprise risk management.