We believe that global reinsurer Swiss Reinsurance Co. Ltd.'s (Swiss Re) management is effectively executing on planned strategic goals and we expect a more steady contribution from Life Re and Admin Re following management's actions. We have revised upward our assessment of Swiss Re's management and governance to strong from satisfactory. We are affirming our 'AA-' ratings on Swiss Re and its core entities. The stable outlook on Swiss Re reflects our expectation that the group will maintain an extremely strong competitive position in its chosen markets and continue to generate strong earnings across the group. LONDON (Standard&Poor's) Nov. 30, 2015--Standard&Poor's Ratings Services today said it affirmed its 'AA-/A-1+' counterparty credit ratings and 'AA-' insurer financial