AM Best reviews Covéa ratings with positive implications after PartnerRe deal
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AM Best reviews Covéa ratings with positive implications after PartnerRe deal

Liz Bury
22 December 2021
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AM Best has placed under review with positive implications Covéa’s financial strength rating of A and long-term issuer credit rating of A+, after the insurer agreed to acquire PartnerRe from the Agnelli family holding company for $9bn.

The price is based on PartnerRe’s shareholders’ equity value of $7bn.

At the same time, AM Best reaffirmed PartnerRe’s financial strength rating of “A+” and long-term issuer credit rating of “aa-”.

The

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Liz Bury
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