PartnerRe acquisition drives Covéa's ratings upgrades from AM Best

Best said the ratings reflect Covéa's balance sheet (which has Best's strongest rating), its adequate operating performance, very favourable business profile, and appropriate enterprise risk management

AM Best has removed from under review with positive implications and upgraded the financial strength and long-term issuer credit ratings of Covéa Coopérations (France), the intermediate operating holding company of Société de Groupe d’Assurance Mutuelle Covéa.