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Paris Re gets S&P upgrade on Partner merger
03 December 2009
Standard & Poor's (S&P) has upgraded Swiss-domiciled reinsurer Paris Re to A+ from A- because of its strategic importance to Bermudian reinsurer PartnerRe.
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Standard & Poor's (S&P) has upgraded Swiss-domiciled reinsurer Paris Re to A+ from A- because of its strategic importance to Bermudian reinsurer PartnerRe.
The upgrade follows the acquisition of Paris Re by PartnerRe, which now has more than 90% of the voting rights in Paris Re. According to S&P, following the completion of the legal merger, which is expected before...
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