ERC Affirmed

April 9, 2001

The “A++” group FSR of Employers Reinsurance Corporation (ERC) was affirmed by A.M. Best. The rating action also applies to ERC’s affiliated domestic and international non-life and life insurance companies, which with ERC collectively comprise the GE Global Insurance Group. A.M. Best noted that the rating was a reflection of the group’s leading global market position and superior financial strength, and also considers the group’s prospective earnings capabilities, well-diversified business platform and dominant position in global reinsurance markets.