A.M. Best assigns debt rating to Swiss Re’s convertible securities
A.M. Best Co. has assigned a “aa” debt rating to the forthcoming EUR 670 million (US$ 815 million) mandatory convertible securities due July 2007 issued by either Swiss Re Germany Holding or Swiss Re Treasury (Luxembourg) and guaranteed by Swiss Reinsurance Company (Swiss Re) (Zurich).
2004 accident year operating performance in property/casualty continues to benefit from further rate increases, averaging 4% at the January 2004 renewals.However, potential adverse loss developments
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