Partner and RenRe ratings unaffected by ChannelRe write-off
Ratings agency AM best has said that the ‘A+’ financial strength ratings of Bermudian reinsurers PartnerRe and Renaissance Re are unaffected after Wednesday’s combined $200m writedown of equity stakes in MBIA’s financial guarantee sidecar reinsurer, ChannelRe.
Best said it had already factored in the two reinsurers’ ChannelRe exposures and that it expects PartnerRe to report another very strong operating performance for 2007 and that it thought
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