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PartnerRe: ‘We Delivered Solid Financial Results’

PartnerRe: ‘We Delivered Solid Financial Results’

Bermuda-based PartnerRe Ltd.reported a net income available to common shareholder of $72 million for the fourth quarter of 2017 compared to a net loss of $191 million for the same period of 2016. Net income available to common shareholder was $218 million for the full year 2017 compared to $387 million for 2016. Operating losses were $28 million for... Read more of this article

Farming Technology And Agriculture Insurance

Farming Technology And Agriculture Insurance

Bermuda-based PartnerRe announced a deal with Farmers Edge, a global leader in decision agriculture, that will help insurers to close the insurance gap among farmers across all continents. “This exclusive, four-year agreement between Farmers Edge and PartnerRe brings together precision farming technology and agriculture insurance in a landmark... Read more of this article

PartnerRe Declare Preferred Shares Dividends

PartnerRe Declare Preferred Shares Dividends

Bermuda-based PartnerRe Ltd. has declared a dividend for the period December 1, 2017 –February 28, 2018 of $0.40625 per share on the Company’s 6.50% Series G Cumulative Redeemable Preferred Shares, $0.453125 per share on the Company’s 7.25% Series H Cumulative Redeemable Preferred Shares, and $0.3671875 on the Company’s 5.875% Series F and... Read more of this article

Schools Receive $30K Each In Dollars For Hours

Schools Receive $30K Each In Dollars For Hours

[Updated with photos] Eight local secondary schools received $30,000 each at the culmination of PartnerRe Ltd.’s successful Dollars for Hours project that pairs student volunteers with local charities on community projects. At an event hosted by PartnerRe to celebrate and showcase the students’ achievements, PartnerRe’s Brand Manager, Jaime Masters... Read more of this article

PartnerRe Reports Q3 & Nine Month Results

PartnerRe Reports Q3 & Nine Month Results

Bermuda-based PartnerRe Ltd. reported a net loss available to common shareholder of $84 million for the third quarter of 2017 compared to net income of $240 million for the same period of 2016. Net income or loss available to common shareholder includes net realized and unrealized investment gains of $61 million in the third quarter of 2017 compared... Read more of this article

PartnerRe Declare Preferred Shares Dividends

PartnerRe Declare Preferred Shares Dividends

Bermuda-based PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period September 1, 2017 – November 30, 2017 of $0.40625 per share on the Company’s 6.50% Series G Cumulative Redeemable Preferred Shares, $0.453125 per share on the Company’s 7.25% Series H Cumulative Redeemable Preferred Shares, and $0.3671875... Read more of this article

PartnerRe Estimate $475M Catastrophe Losses

PartnerRe Estimate $475M Catastrophe Losses

Bermuda-based PartnerRe Ltd. estimates their combined catastrophe losses in the third quarter of 2017 to be  approximately $475 million [pre-tax, net of retrocession and reinstatement premiums] from Hurricanes Harvey, Irma and Maria. The company said their estimate of losses for these events is “based on a preliminary analysis of the Company’s... Read more of this article

PartnerRe Declare Preferred Shares Dividends

PartnerRe Declare Preferred Shares Dividends

Bermuda-based PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period June 1, 2017 – August 31, 2017 of $0.40625 per share on the Company’s 6.50% Series G Cumulative Redeemable Preferred Shares, $0.453125 per share on the Company’s 7.25% Series H Cumulative Redeemable Preferred Shares, and $0.3671875 on the... Read more of this article

PartnerRe Reports Q2 & Half Year Results

PartnerRe Reports Q2 & Half Year Results

Bermuda-based PartnerRe Ltd. reported a net income available to common shareholder of $191 million for the second quarter of 2017 compared to $137 million for the same period in 2016. Net income available to common shareholder includes net realized and unrealized gains on investments of $129 million in the second quarter of 2017 compared to a $192 million... Read more of this article

A.M. Best Affirms Ratings Of PartnerRe Ltd

A.M. Best Affirms Ratings Of PartnerRe Ltd

A.M. Best has affirmed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Rating [Long-Term ICR] of “a+” of Partner Reinsurance Company Ltd. and its affiliates. A.M. Best has also affirmed the Long-Term ICR of “bbb+” of PartnerRe Ltd and its existing Long-Term Issue Credit Ratings [Long-Term IR]. The outlook... Read more of this article

PartnerRe Declare Preferred Shares Dividends

PartnerRe Declare Preferred Shares Dividends

Bermuda-based PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period March 1, 2017 – May 31, 2017 of $0.40625 per share on the Company’s 6.50% Series G Cumulative Redeemable Preferred Shares, $0.453125 per share on the Company’s 7.25% Series H Cumulative Redeemable Preferred Shares, and $0.3671875 on the... Read more of this article

PartnerRe First Quarter Net Income: $38 Million

PartnerRe First Quarter Net Income: $38 Million

Bermuda-based PartnerRe Ltd. reported a net income available to common shareholder of $38 million for the first quarter of 2017 compared to $201 million for the same period of 2016. Operating earnings were $44 million for both first quarters of 2017 and 2016. Net income available to common shareholder includes net realized and unrealized gains on investments... Read more of this article

PartnerRe Completes Acquisition Of Aurigen

PartnerRe Completes Acquisition Of Aurigen

Bermuda-based PartnerRe Ltd. announced the successful completion of its previously announced acquisition of North American life reinsurance company, Aurigen Capital Limited. Since its formation in 2007, Aurigen has provided risk and capital management solutions tailored to specific customer needs, with its core business being the reinsurance of life... Read more of this article