LONDON (Standard&Poor's) March 13, 2007--Standard&Poor's Ratings Services said today that its ratings and outlooks on the European subsidiaries of Zurich-based global reinsurer Swiss Reinsurance Co. (Swiss Re; AA-/Stable/A-1+) remain unchanged following this morning's announcement by the group with regard to the future reorganization of its European legal structure. All entities are rated 'AA-' with a stable outlook: -- Swiss Reinsurance Co. U.K. Ltd.; -- Swiss Re Life&Health Ltd.; -- SR International Business Insurance Co. Ltd.; -- Swiss Re Denmark Reinsurance A/S; -- Swiss Re Frankona Rückversicherungs Aktiengesellschaft; -- Swiss Re Germany AG; -- Swiss Reinsurance Ireland Ltd. (previously GE ERC Strategic Reinsurance Ltd.); -- Swiss Re Ireland Ltd.; -- Swiss Re Life&Health