Best’s News & Research Service - February 13, 2026 10:21 AM (EST)
AM Best Affirms Credit Ratings of PartnerRe Ltd. and Its Operating Subsidiaries
- February 13, 2026 10:21 AM (EST)
//BestWire// - AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the operating subsidiaries of PartnerRe Ltd. (collectively referred to as PartnerRe). Concurrently, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) of PartnerRe Ltd. (Pembroke, Bermuda). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect PartnerRe’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, very favorable business profile and appropriate enterprise risk management.
The rating affirmations reflect PartnerRe’s excellent level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), which has consistently remained supportive of the group’s overall balance sheet strength assessment of strongest. In each of the past two calendar years, PartnerRe reported material reserve strengthening related to its U.S. casualty business consistent with industry trends, although the impact of this adverse development has been mitigated by strong performance in other areas. As a result, PartnerRe’s underwriting performance has been consistently solid for several consecutive years, including significant earnings contributions from both non-life and life/health operating segments. Underwriting profits have been complemented by strong overall investment returns, leading to robust growth in shareholder’s equity for the past three calendar years, even after significant dividend payments made to PartnerRe’s parent company over this time frame.
The FSR of A+ (Superior) and Long-Term ICRs of “aa-” (Superior) have been affirmed, each with a stable outlook, for the operating subsidiaries of PartnerRe Ltd.:
· Partner Reinsurance Company Ltd.
· Partner Reinsurance Company of the U.S.
· PartnerRe Ireland Insurance Designated Activity Company
· Partner Reinsurance Europe SE
· PartnerRe America Insurance Company
· PartnerRe Life Reinsurance Company of Canada
· PartnerRe Life Reinsurance Company of America
· PartnerRe Insurance Solutions Bermuda Ltd.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings (BCR), Best’s Performance Assessments (PA), Best’s Preliminary Credit Assessments (PCA) and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.