A.M. Best Upgrades Ratings of PartnerRe America Insurance Company

  A.M. Best Upgrades Ratings of PartnerRe America Insurance Company

Business Wire

OLDWICK, N.J. -- February 19, 2014

A.M. Best has upgraded the financial strength rating to A+ (Superior) from A
(Excellent) and issuer credit rating to “aa-” from “a+” of PartnerRe America
Insurance Company (PartnerRe America) (Wilmington, DE). The outlook for both
ratings is stable

PartnerRe America has been strategically repositioned within the organization
to write accident and health business. The ratings have been upgraded based on
additional explicit and contractual support, including support provided by a
significant quota share agreement with an affiliate. PartnerRe America’s
ultimate parent is PartnerRe Ltd. (Hamilton, Bermuda) [NYSE: PRE], which is a
multi-line, global reinsurance organization.

Factors that could result in a downgrading of Partner Re America’s ratings
and/or a revision of the outlook to negative include unfavorable operating
results relative to the market, an altered view of the organization’s
enterprise risk management capabilities and/or a material decline in
risk-adjusted capital or a change in the level of support provided to
PartnerRe America. Factors that could lead to an upgrading of the company’s
ratings and/or a revision of the outlook to positive would be consistent,
long-term operating profitability coupled with maintenance of strong
risk-adjusted capital.

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.

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 © 2014 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

Contact:

A.M. Best Company
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
 
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