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Summary: Swiss Reinsurance Co. Ltd. Dec 11
Standard & Poors, Dec 2011
Abstract
The ratings on Zurich-based global reinsurer Swiss Reinsurance Company Ltd. (Swiss Re or the group) reflect the group's very strong competitive position, very strong capitalization, and very strong non-life operating performance. They are constrained by Standard & Poor's Ratings Services' view that Swiss Re has yet to fully restore its financial flexibility and that the group's life operating performance has exhibited some volatility and has not contributed to group profitability on the same scale as the non-life segment. We believe the group continues to maintain its very strong competitive position in the market. Swiss Re continues to be a market leader in the life reinsurance and insurance-linked securities (ILS) markets, and has maintained prudent cycle management in the non-life lines,...
Companies mentioned in this report are: Swiss Reinsurance Co. Ltd.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
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