On June 12, 2006, Standard&Poor's Ratings Services lowered its long-term counterparty credit and insurer financial strength ratings on Swiss Reinsurance Co. (Swiss Re) and its core entities to 'AA-' from 'AA'. At the same time, Standard&Poor's raised its long-term counterparty credit and insurer financial strength ratings on Employers Reinsurance Corp. and GE Reinsurance Corp. to 'A+' from 'A', and its long-term counterparty credit and senior unsecured debt ratings on GE Insurance Solutions Corp. (GEIS) to 'A-' from 'BBB+'. All of these ratings were removed from CreditWatch, where they had been placed with various implications on Nov. 18, 2005. The outlook on all entities is stable. The ratings on GE Frankona Reinsurance Ltd., GE Frankona Rückversicherungs Aktiengesellschaft,
