Credit Ratings of SCOR SE and PartnerRe: Stability Amid Market Changes

AM Best has confirmed the credit ratings for two significant global reinsurers, SCOR SE and PartnerRe, maintaining stability in their financial strength ratings amid changing market conditions. This reaffirmation underscores the resilience of both companies' balance sheets and operational performance, reflecting their effective risk management strategies and compliance with regulatory requirements.

SCOR SE Credit Rating Affirmation

For France-based SCOR SE, AM Best retained a Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of "a+" (Excellent) for both the parent company and its primary subsidiaries. The reaffirmation is attributed to SCOR's solid balance sheet, satisfactory operational performance, and robust risk management strategies. Despite a dependence on softer capital components such as hybrid debt, SCOR has shown significant recovery, reporting a consolidated net income of EUR 631 million for the first nine months of 2025, highlighting effective underwriting and AI-driven claims management strategies.

PartnerRe Credit Rating Assessment

PartnerRe Ltd.'s operating subsidiaries have been affirmed at A+ (Superior) for Financial Strength Rating, with a Long-Term Issuer Credit Rating of "aa-" (Superior) by AM Best. The holding company maintained a Long-Term Issuer Credit Rating of "a-" (Excellent). These ratings highlight PartnerRe's robust balance sheet and beneficial market positioning, cementing its status as a key payer in the global reinsurance industry. Despite challenges in the U.S. casualty market affecting reserve levels, PartnerRe's underwriting remains sturdy, with substantial investment returns boosting shareholder equity even during large dividend disbursements.