Copying and distributing are prohibited without permission of the publisher
Moody's cuts PartnerRe from double-A range
09 February 2012
Bermudian reinsurer knocked out of the double-A range by Moody’s.
Moody’s has downgraded the debt ratings of
Bermudian reinsurer PartnerRe to A3 from A2 and the insurance
financial strength ratings of its principal operating
subsidiaries to A1 from Aa3.
The rating agency said the downgrade is a result of the
company's recent earnings volatility and decline in equity
capital – a result of outsized 2011 catastrophe losses
relative to most of its peers – as well...
Subscribers have unlimited access to all current and archive content ï¿½ start your subscription today to gain immediate access.
A free trial will give you temporary access to the latest news, data, key interviews and analysis (excluding some surveys). Start your free trial today.