AM Best goes negative on PartnerRe NY unit after deal

Ratings agency AM Best has put the outlook for PartnerRe
Insurance Company of New York (PRNY) under review with negative
implications in the wake of an announcement that Employers Group
was set to acquire it from its Bermudian parent.
The news puts the PartnerRe subsidiary's A-level financial
strength rating in scope for a downgrade, which would bring it into
line with its prospective new owner, which is rated A-.
But AM Best stressed that the deal is still pending regulatory...