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

February 19, 2014



OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Besthas upgraded the financial strength rating to A+ (Superior) from A (Excellent) and issuer credit rating to ďaa-Ē from ďa+Ē ofPartnerRe 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 Americaís 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 Americaís ratings and/or a revision of the outlook to negative include unfavorable operating results relative to the market, an altered view of the organizationís 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 companyís 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 Bestís Credit Rating Methodology, which provides a comprehensive explanation of A.M. Bestís rating process and contains the different rating criteria employed in the rating process. Bestís 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.





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



Source: A.M. Best


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