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PartnerRe: Closing Of Senior Notes Offering

PartnerRe: Closing Of Senior Notes Offering

Bermuda-based PartnerRe Ltd. announced that its subsidiary, PartnerRe Finance B LLC [PRE Finance B], has closed its previously announced offering of $500 million aggregate principal amount of 3.70% Senior Notes due July 2, 2029. The Notes are senior unsecured obligations of PRE Finance B and are fully and unconditionally guaranteed by PartnerRe. As... Read more of this article

PartnerRe Prices Offering Of $500M Senior Notes

PartnerRe Prices Offering Of $500M Senior Notes

Bermuda-based PartnerRe Ltd. announced that its subsidiary, PartnerRe Finance B LLC [PRE Finance B], has priced a registered public offering in the United States of $500 million aggregate principal amount of 3.700% Senior Notes due July 2, 2029. The Notes were priced at 99.783% of par. Closing of the offering of the Notes is expected to occur on June... Read more of this article

PartnerRe Launch Wearables Pilot With Dacadoo

PartnerRe Launch Wearables Pilot With Dacadoo

PartnerRe announced the launch of its wearables pilot together with dacadoo, a pioneer in the digital health space. “The pilot will enable PartnerRe to gather real-time health and wellness data and first-hand experience in order to provide its life and health clients worldwide with actionable insights into leveraging wearables to more accurately... Read more of this article

PartnerRe Longevity Transaction With Manulife

PartnerRe Longevity Transaction With Manulife

PartnerRe Ltd. announced that it has completed a second transaction with The Manufacturers Life Insurance Company [Manulife] to reinsure longevity risk for an in-force block of Canadian individual payout annuities. The deal follows on the heels of an earlier longevity transaction with Manulife completed in January of this year. In aggregate, PartnerRe... 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 March 1, 2019 – May 31, 2019 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 Series... Read more of this article

PartnerRe Appoint Colello: P&C Americas CEO

PartnerRe Appoint Colello: P&C Americas CEO

PartnerRe announced that Jonathan Colello will join the Company effective July 1, 2019 as CEO, P&C Americas, and President of Partner Reinsurance Company of the U.S. Mr. Colello will report to Emmanuel Clarke, PartnerRe President and CEO, and will be a member of the Company’s Executive Leadership Team. In his new role, Mr. Colello will have executive... Read more of this article

PartnerRe Longevity Transaction With Manulife

PartnerRe Longevity Transaction With Manulife

PartnerRe has entered into a transaction with The Manufacturers Life Insurance Company [Manulife] to reinsure longevity risk from an in-force block of Canadian group payout annuities. In aggregate, PartnerRe will reinsure the longevity risk in respect of approximately 25,000 annuitants. Alan Ryder, CEO of PartnerRe North America Life commented: “PartnerRe... Read more of this article

PartnerRe Changes P&C & Leadership Team

PartnerRe Changes P&C & Leadership Team

PartnerRe announced that the Company will reorganize its Property & Casualty [P&C] business segment into a regional structure, and will make several changes to its Executive Leadership Team. Effective April 1, 2019, PartnerRe’s P&C business will be reorganized into three distinct regional units: Americas, Europe, Middle-East and Africa... Read more of this article

PartnerRe Reports Q4 & Full Year 2018 Results

PartnerRe Reports Q4 & Full Year 2018 Results

Bermuda-based PartnerRe Ltd. reported a net loss attributable to common shareholder of $32 million for the fourth quarter which was largely driven by losses related to Hurricane Michael and California wildfires of $282 million, partially offset by net realized and unrealized investment gains on fixed maturities and short-term investments of $31 million... Read more of this article

Bonneau Appointed As Independent Director

Bonneau Appointed As Independent Director

PartnerRe Ltd. announced that Jacques Bonneau has been appointed to its Board of Directors, effective February 20, 2019. Mr. Bonneau has held multiple executive roles, most recently at Chubb Ltd. as Group Chief Underwriting Officer from 2014 to 2017 and as CEO, Chubb Tempest Re Group from 2005 to 2014. Prior to that, he served as CEO, Chubb Tempest... Read more of this article

PartnerRe Dividends On Preferred Shares

PartnerRe Dividends On Preferred Shares

Bermuda-based PartnerRe declared a dividend for the period December 1, 2018 – February 28, 2019 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 Series I... Read more of this article

Fitch Affirms PartnerRe’s Ratings, Outlook Stable

Fitch Affirms PartnerRe’s Ratings, Outlook Stable

Fitch Ratings has affirmed PartnerRe Ltd.’s [PRE] ratings, including its ‘A-’ Issuer Default Rating [IDR] and the ‘A+’ [Strong] Insurer Financial Strength [IFS] rating of Partner Reinsurance Company Ltd. The Rating Outlook is Stable. A statement from the ratings agency said, “The affirmation reflects the company’s... Read more of this article

Video: PartnerRe Donate $240,000 To Schools

Video: PartnerRe Donate $240,000 To Schools

Eight local secondary schools received $30,000 each at the culmination of PartnerRe Ltd.’s Dollars for Hours project that pairs student volunteers with local charities on community projects. At a showcase hosted this evening [Dec 4] by PartnerRe to celebrate the students’ achievements, PartnerRe’s Brand Manager, Jaime Masters McDowell and Junior... Read more of this article