Moody’s takes negative view of Covea’s PartnerRe purchase

05-03-2020

Rating agency Moody’s has said it views Covea's agreement with EXOR to acquire PartnerRe for $9 billion negatively because it lowers capitalisation significantly, increases goodwill and increases earnings volatility.


Moody's, PartnerRe, Covea, EXOR, Mergers & Acquistions, Ratings, Insurance, Reinsurance, Europe

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