Research Update: Swiss Re 'AA-' Rating Affirmed Following Planned Changes To The Legal Structure; Outlook Is Negative - S&P Global Ratings’ Credit Research

Research Update: Swiss Re 'AA-' Rating Affirmed Following Planned Changes To The Legal Structure; Outlook Is Negative

Research Update: Swiss Re 'AA-' Rating Affirmed Following Planned Changes To The Legal Structure; Outlook Is Negative - S&P Global Ratings’ Credit Research
Research Update: Swiss Re 'AA-' Rating Affirmed Following Planned Changes To The Legal Structure; Outlook Is Negative
Published Oct 19, 2020
6 pages (2403 words) — Published Oct 19, 2020
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Swiss Re intends to make Swiss Reinsurance Company Ltd. (SRZ) the sole direct wholly-owned operational subsidiary of Swiss Re Ltd. As part of these planned changes, Swiss Re intends to transfer Swiss Re Corporate Solutions Ltd. to SRZ. We do not expect these changes to affect our ratings on the group, nor its commitment to Corporate Solutions Business Unit. We are therefore affirming the 'AA-' ratings on Swiss Re's core subsidiaries. The negative outlook continues to indicate the possibility that we could lower the ratings by one notch if Swiss Re does not bring its underwriting performance in line with our expectations. On Oct. 19, 2020, S&P Global Ratings affirmed its ratings on Swiss Re. Ltd., and its core, highly

  
Brief Excerpt:

...- Swiss Re intends to make Swiss Reinsurance Company Ltd. (SRZ) the sole direct wholly-owned operational subsidiary of Swiss Re Ltd. - As part of these planned changes, Swiss Re intends to transfer Swiss Re Corporate Solutions Ltd. to SRZ. - We do not expect these changes to affect our ratings on the group, nor its commitment to Corporate Solutions Business Unit. - We are therefore affirming the '##-' ratings on Swiss Re's core subsidiaries. - The negative outlook continues to indicate the possibility that we could lower the ratings by one notch if Swiss Re does not bring its underwriting performance in line with our expectations....

  
Report Type:

Research Update

Issuer
Swiss Re Ltd.
GICS
Reinsurance (40301050)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Switzerland
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Swiss Re 'AA-' Rating Affirmed Following Planned Changes To The Legal Structure; Outlook Is Negative" Oct 19, 2020. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Swiss-Re-AA-Rating-Affirmed-Following-Planned-Changes-To-The-Legal-Structure-Outlook-Is-Negative-2538292>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Swiss Re 'AA-' Rating Affirmed Following Planned Changes To The Legal Structure; Outlook Is Negative Oct 19, 2020. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Swiss-Re-AA-Rating-Affirmed-Following-Planned-Changes-To-The-Legal-Structure-Outlook-Is-Negative-2538292>
  
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