A.M. Best Assigns Rating to PartnerRe’s Series F Preferred Shares

  A.M. Best Assigns Rating to PartnerRe’s Series F Preferred Shares

Business Wire

OLDWICK, N.J. -- February 13, 2013

A.M. Best Co. has assigned a debt rating of “bbb” to the $250 million 5.875%
Series F non-cumulative redeemable preferred shares of PartnerRe Ltd.
(Hamilton, Bermuda) (NYSE:PRE). The outlook assigned is negative.

The proceeds from the issuance will be used by PartnerRe Ltd. towards the
repurchase of its Series C preferred securities. Once the redemption is
completed, the overall capital structure of PartnerRe Ltd. will be essentially
the same.

The methodology used in determining these ratings is Best’s Credit Rating
Methodology, which provides a comprehensive explanation of A.M. Best’s rating
process and contains the different rating criteria employed in the rating
process. Best’s Credit Rating Methodology can be found at
www.ambest.com/ratings/methodology.

Founded in 1899, A.M. Best Company is the world's oldest and most
authoritative insurance rating and information source. For more information,
visit www.ambest.com.

       Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

Contact:

A.M. Best Co.
Greg Reisner
Managing Senior Financial Analyst
908-439-2200, ext. 5224
greg.reisner@ambest.com
or
Peter Dickey
Assistant Vice President
908-439-2200, ext. 5053
peter.dickey@ambest.com
or
Rachelle Morrow
Senior Manager, Public Relations
908-439-2200, ext. 5378
rachelle.morrow@ambest.com
or
Jim Peavy
Assistant Vice President, Public Relations
908-439-2200, ext. 5644
james.peavy@ambest.com