Insurance Post

AM Best puts GE Frankona under review

AM Best has placed the financial strength ratings of A (Excellent) of the operating companies of GE Frankona Group under review with negative implications, following a similar rating action regarding its parent, Employers Reinsurance Corporation (ERC). The ratings of GE Frankona Group are based on the financial support from the parent in the form of claims guarantees to each subsidiary. As such, any financial weakening of ERC could negatively impact the ratings of all GE Frankona Group compa