PartnerRe’s $6.9B Sale to EXOR Completed; Fitch Issues Downgrade

PrtnerRe’s new owner EXOR has closed its $6.9 billion acquisition of the Bermuda-based reinsurer, and Fitch Ratings quickly responded with a ratings downgrade that reflects some pessimism over the transaction and the broader market. Fitch said it downgraded PartnerRe’s insurer financial …

from News – Insurance Journal