Hashtag: #PartnerRe

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

Six Employees Made Redundant At PartnerRe

Six Employees Made Redundant At PartnerRe

Six employees have been made redundant in the Bermuda offices of PartnerRe, with the company saying it was a “very tough decision to make” and is a “result of a reorganization of PartnerRe’s Finance function.” A spokesperson from PartnerRe told Bernews, “We can confirm that six jobs have been made redundant in Bermuda, of... Read more of this article

PartnerRe Reports Q4 & Full Year 2016 Results

PartnerRe Reports Q4 & Full Year 2016 Results

Bermuda-based PartnerRe Ltd. reported a net loss attributable to PartnerRe common shareholders of $191 million for the fourth quarter of 2016 compared to a net income for the fourth quarter of 2015 of $162 million. Operating earnings was $125 million for the fourth quarter of 2016, compared to operating earnings of $184 million for the fourth quarter... 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, 2016 – February 28, 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 Company’s 5.875% Series F and... Read more of this article

Photos: $240,000 Donated In “Dollars For Hours”

Photos: $240,000 Donated In “Dollars For Hours”

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 McDowell and Minister... Read more of this article

Partner Re Staff Assist At Seniors Home

Partner Re Staff Assist At Seniors Home

23 employees from Partner Re engaged in a day of community service at Packwood Home, a non-profit organisation dedicated to providing quality care to our island’s seniors. Partner Re employees rolled up their sleeves and pitched in with projects that needed extra pairs of helping hands. The team of volunteers enthusiastically tackled painting projects,... 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 September 1, 2016 – November 30, 2016 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

PartnerRe Third Quarter Net Income: $240.3M

PartnerRe Third Quarter Net Income: $240.3M

Bermuda-based PartnerRe Ltd. reported a net income of $240.3 million for the third quarter of 2016. This includes net after-tax realized and unrealized gains on investments of $56.4 million. The net loss for the third quarter of 2015 was $243.3 million, including net after-tax realized and unrealized losses on investments of $121.8 million and the... Read more of this article

PartnerRe Acquires Aurigen Capital Limited

PartnerRe Acquires Aurigen Capital Limited

PartnerRe Ltd. and Aurigen Capital Limited announced a definitive agreement for PartnerRe to acquire 100% of the outstanding ordinary shares of Aurigen, a North American life reinsurance company. Since its formation in 2007, Aurigen has leveraged its technical expertise, longstanding relationships, and local knowledge to serve clients and is today a... Read more of this article

PartnerRe Redemption Of $250M Senior Notes

PartnerRe Redemption Of $250M Senior Notes

Bermuda-based PartnerRe Ltd. announced that its wholly owned subsidiary, PartnerRe Finance A LLC, has called for the redemption of all $250 million of its outstanding 6.875% Senior Notes due 2018. The redemption date will be November 1, 2016. The redemption price for the Notes will be equal to the greater of [i] 100% of the principal amount of the... Read more of this article