Insight and Intelligence on the London & International Insurance Markets

9 February 2012

Fitch revises PartnerRe outlook to negative

12 October 2009

Ratings agency Fitch revised its outlook on PartnerRe to negative from stable last week, after the Bermudian acquired an 83 percent stake in Paris Re earlier in the month.

Fitch said it was uncertain whether the combine will generate stable returns "that are commensurate with those required at PartnerRe's current 'AA' rating level".

However, the rating agency said it will probably revise PartnerRe's outlook back to stable 12-18 months after completion of the deal, provided the combined entity demonstrates that...

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