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A.M. Best Affirms Ratings Of PartnerRe Ltd

A.M. Best Affirms Ratings Of PartnerRe Ltd

A.M. Best has removed from under review with negative implications and affirmed the financial strength rating [FSR] of A [Excellent] and the issuer credit rating [ICR] of “a+” of Partner Reinsurance Company Ltd and its affiliates. A.M. Best has also removed from under review with negative implications and affirmed the ICR of “bbb+” of PartnerRe... Read more of this article

PartnerRe Declares Preferred Shares Dividends

PartnerRe Declares Preferred Shares Dividends

Bermuda-based PartnerRe Ltd. has declared a dividend for the period March 1, 2016 – May 31, 2016 of $0.40625 per share on the Company’s 6.50% Series D and G Cumulative Redeemable Preferred Shares, $0.453125 per share on the Company’s 7.25% Series E and H Cumulative Redeemable Preferred Shares, and $0.3671875 on the Company’s 5.875% Series... Read more of this article

PartnerRe Reports First Quarter 2016 Results

PartnerRe Reports First Quarter 2016 Results

Bermuda-based PartnerRe Ltd. reported net income of $201.4 million for the first quarter of 2016, or an annualized net income ROE of 13.3%. This includes net after-tax realized and unrealized gains on investments of $148.1 million. Net income for the first quarter of 2015 was $231.7 million, or an annualized net income ROE of 14.8%, including net... Read more of this article

PartnerRe Appoint Mario Bonaccorso As CFO

PartnerRe Appoint Mario Bonaccorso As CFO

PartnerRe Ltd. announced that Mario Bonaccorso, formerly Managing Director at EXOR SpA, has been appointed Chief Financial Officer, subject to Bermuda Immigration approval. Bill Babcock, who has served as Executive Vice President and Chief Financial Officer at PartnerRe since October 2010, will leave the Company to pursue other opportunities. Mr. Bonaccorso... Read more of this article

PartnerRe Names Board Chairman & CEO

PartnerRe Names Board Chairman & CEO

The Board of Directors of PartnerRe Ltd. announced that John Elkann, Chairman and CEO of EXOR, has been appointed Chairman of PartnerRe’s Board of Directors and that Emmanuel Clarke, President of PartnerRe Ltd., has been named President and Chief Executive Officer [CEO] of PartnerRe Ltd., subject to approval by Bermuda immigration. Mr. Elkann commented,... Read more of this article

PartnerRe Announces Completion Of Acquisition

PartnerRe Announces Completion Of Acquisition

PartnerRe Ltd. announced that the acquisition of the Company by EXOR has been completed in accordance with the terms of the merger agreement, previously announced on August 3, 2015. Under the terms of the merger agreement, common shareholders of record as of immediately prior to the effective time of the Merger are entitled to receive per share consideration... Read more of this article

PartnerRe Shareholders To Receive $42.7M

PartnerRe Shareholders To Receive $42.7M

In a filing with the Bermuda Stock Exchange, PartnerRe Ltd. announced that Preferred Shareholders will receive a total cash payment of $42.7 million in connection with the acquisition by EXOR. The filing stated, “PartnerRe Ltd. today [Feb 17] announced that the holders of its preferred shares will receive a cash payment of approximately $42.7... Read more of this article

PartnerRe Declares Preferred Shares Dividends

PartnerRe Declares Preferred Shares Dividends

Bermuda-based PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period December 1, 2015 – February 29, 2016 of $0.40625 per share on the Company’s 6.50% Series D Cumulative Redeemable Preferred Shares, $0.453125 per share on the Company’s 7.25% Series E Cumulative Redeemable Preferred Shares, and $0.3671875 on... Read more of this article

PartnerRe Reports Fourth Quarter 2015 Results

PartnerRe Reports Fourth Quarter 2015 Results

Bermuda-based PartnerRe Ltd. reported net income of $162.3 million, or $3.30 per share for the fourth quarter of 2015. This includes net after-tax realized and unrealized losses on investments of $22.8 million, or $0.46 per share. Net income for the fourth quarter of 2014 was $262.7 million, or $5.26 per share, including net after-tax realized and... Read more of this article

PartnerRe January 2016 Non-Life Renewal Data

PartnerRe January 2016 Non-Life Renewal Data

PartnerRe Ltd. announced that during the January 1, 2016 treaty renewal season it expects to write and bind approximately $2.5 billion of Non-Life treaty premium. On a constant foreign exchange basis, this represents a decrease of 5% from the renewable premium base. The Company renews approximately 65% percent of its total annual Non-Life treaty business... Read more of this article

PartnerRe Appoints Chairatch Phrompechrut

PartnerRe Appoints Chairatch Phrompechrut

PartnerRe Ltd. announced that Chairatch Phrompechrut has been appointed to the position of Head of Strategic Ventures. Mr. Phrompechrut will report to Marvin Pestcoe, CEO Life, Health and Strategic Ventures. In this position, Mr. Phrompechrut will lead the effort to pursue investments in business development opportunities and partnerships. Mr. Phrompechrut... Read more of this article

PartnerRe Establishes Branch Office In Dubai

PartnerRe Establishes Branch Office In Dubai

Bermuda-based PartnerRe Ltd. announced that subsidiary, Partner Reinsurance Europe SE, was granted a license from the Dubai Financial Services Authority [“DFSA”] to operate as an Authorised Firm in the Dubai International Financial Centre [“DIFC”], effective December 16, 2015. The company said, “PartnerRe’s branch office in the DIFC... Read more of this article