A.M. Best Company has affirmed the financial strength rating of A++ (Superior) and issuer credit ratings of aa+ of General Reinsurance Corporation and its life reinsurance/insurance subsidiaries operating in the United States and internationally.
Gen Re's life operations primarily consist of individual life and accident and health reinsurance lines of business. “The life operations continues to produce positive operating earnings due to strong underwriting, despite new business strain and losses from the run-off of the long-term care line of business. In addition, the investment portfolio has performed well and has obtained strong yields”, said a statement from the company.
The life operations are expected to remain an important source of income and diversification.
