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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

PartnerRe Reports Q3 & Nine Month Results

PartnerRe Reports Q3 & Nine Month Results

Bermuda-based PartnerRe Ltd. reported a net loss attributable to common shareholder of $106 million for the quarter, which includes net unrealized investment losses on fixed income securities of $53 million and net foreign exchange losses of $17 million. This compared to a net loss of $84 million for the same period of 2017, which included net unrealized... Read more of this article

PartnerRe Declare Preferred Shares Dividends

PartnerRe Declare Preferred Shares Dividends

Bermuda-based PartnerRe has declared a dividend for the period September 1, 2018 – November 30, 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 Series... Read more of this article

Register For PartnerRe Women’s 5K Run & Walk

Register For PartnerRe Women’s 5K Run & Walk

Registration for this year’s PartnerRe Women’s 5K Run & Walk is open with hundreds of women expected to take part in the event, which raises money for charity. The event will take place on Sunday [Oct 14] at the Botanical Gardens in Paget with the girls’ 2K race [under 15] getting started at 8.15am, followed by the Women’s 5K Run at... Read more of this article

PartnerRe Make Board & Leadership Changes

PartnerRe Make Board & Leadership Changes

PartnerRe announced that effective September 1, 2018, Brian Dowd will succeed John Elkann as Chairman of the Company’s Board of Directors. Mr. Elkann, who is Chairman and CEO of EXOR, will remain on the Board. Mr. Elkann commented, “Over the past two years, under Emmanuel Clarke’s leadership, our company has performed strongly notwithstanding... 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, 2018 – August 31, 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... Read more of this article