AM Best Affirms Credit Ratings of PartnerRe Ltd. and Its Operating Subsidiaries

AM Best Affirms Credit Ratings of PartnerRe Ltd. and Its Operating Subsidiaries

May 24, 2022 by Business Wire Professional Services: Insurance News

Key Facts

  • OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” (Superior) of the operating subsidiaries of PartnerRe Ltd.
  • The ratings affirmation reflects PartnerRe’s solid operating performance in 2021 and AM Best’s expectation that the group’s pending sale to Covéa Coopérations (Covéa Coop) will not result in any near-term deterioration in its balance sheet strength.
  • AM Best will continue to monitor PartnerRe through the close of its pending sale to Covéa Coop, and will take action if the credit characteristics vary from prior expectations.
  • The FSR of A+ (Superior) and Long-Term ICR of “aa-” (Superior) have been affirmed, each with a stable outlook, for the operating subsidiaries of PartnerRe Ltd.: * Partner Reinsurance Company Ltd.

Click To Read Full Article

GEOGRAPHY
WORK OF ART
MISCELLANEOUS

This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2021 Kwhen Inc.

Was this content valuable for you?