Moody's upgrades Swiss Re’s rating

Rating agency Moody's has revised Swiss Re’s financial strength rating upwards from A1 to Aa3 with stable outlook. The group’s strengthened profitability and reduced operational debt since 2010 account for this decision.
However, Moody's point out that Swiss Re is more indebted than its competitors. In 2012, the reinsurer’s return on equity climbed to 13.4%, compared to 9.6% in 2011. The rating agency expects the group maintains its returns in the future even if they will not be as substantial as those reported in 2012 and 2013.