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
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.
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