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Genesis Indemnity Insurance Co. 'AA+' Ratings Withdrawn Because Of Merger Into Affiliate Feb 12 Product Image

Genesis Indemnity Insurance Co. 'AA+' Ratings Withdrawn Because Of Merger Into Affiliate Feb 12

  • Published: February 2012
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's) Feb. 6, 2012--Standard & Poor's Ratings Services said today that it withdrew its 'AA+' counterparty credit and financial strength ratings on Genesis Indemnity Insurance Co. We withdrew the ratings because of the company's merger into General Star Indemnity Co. (AA+/Negative/--), another core member of General Reinsurance Corp. (AA+/Negative/--)...

Companies mentioned in this report are: Genesis Indemnity Insurance Co.,General Reinsurance Corp.,General Star Indemnity Co.
Action: Withdrawn

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.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Genesis Indemnity Insurance Co.,General Reinsurance Corp.,General Star Indemnity Co.

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