Hashtag: #PartnerRe

Covéa Set To Buy PartnerRe In $9 Billion Deal

Covéa Set To Buy PartnerRe In $9 Billion Deal

EXOR has entered into an MoU with French insurer Covéa in which they will acquire Bermuda-based reinsurer PartnerRe for a “total cash consideration of $9.0 billion plus a cash dividend of $50 million. The company said, “EXOR, one of Europe’s largest, diversified family-controlled holding companies, announces that it has entered into a... Read more of this article

PartnerRe Reports Q4 & Full Year 2019 Results

PartnerRe Reports Q4 & Full Year 2019 Results

Bermuda-based PartnerRe Ltd. reported a net loss attributable to common shareholder of $108 million for the fourth quarter of 2019 and net income available to common shareholder was $890 million for the full year 2019. The company said, “PartnerRe Ltd. today reported a net loss attributable to common shareholder of $108 million for the fourth... Read more of this article

EXOR In ‘Discussions’ Over Possible Acquisition

EXOR In ‘Discussions’ Over Possible Acquisition

EXOR has confirmed that it has “entered into exclusive discussions” regarding a possible acquisition of PartnerRe. A statement on their website said, “EXOR confirms that it has entered into exclusive discussions with Covéa regarding a possible all-cash acquisition of PartnerRe. “These discussions are ongoing and there is no... Read more of this article

PartnerRe Dividends On Preferred Shares

PartnerRe Dividends On Preferred Shares

Bermuda-based PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period December 1, 2019 – February 29, 2020 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... Read more of this article

Photos & Video: $240,000 School Donations

Photos & Video: $240,000 School Donations

[Updated with photos] This year, students put in more than 1,400 hours of hard work to help local charities, from supporting a local foodbank, to digging up invasive species for local conservation and enrichment of a local Nursing care home. Thanks to PartnerRe’s Dollars for Hours program – now in its fourteenth year – the students from eight... Read more of this article

PartnerRe Reports Q3 & Nine Month Results

PartnerRe Reports Q3 & Nine Month Results

Bermuda-based PartnerRe Ltd. today [Nov 8] reported a net income available to common shareholder of $216 million for the third quarter of 2019, which includes net realized and unrealized investments gains of $41 million on fixed maturities and short-term investments, primarily due to decreases in world-wide risk-free rates, and $39 million net foreign... Read more of this article

PartnerRe Dividends On Preferred Shares

PartnerRe Dividends On Preferred Shares

Bermuda-based PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period September 1, 2019 – November 30, 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... Read more of this article

PartnerRe Announces Leadership Changes

PartnerRe Announces Leadership Changes

PartnerRe Ltd. announced today that Mario Bonaccorso, Executive Vice President and Chief Financial Officer, will retire from the Company on March 31, 2020 to “pursue a new entrepreneurial venture with financial support from EXOR.” “Mr. Bonaccorso will be invited to join the PartnerRe Ltd. Board of Directors as a non-voting observer... Read more of this article

Photos & Videos: PartnerRe Women’s 5K Run

Photos & Videos: PartnerRe Women’s 5K Run

[Updated with results + photos] Now in its 22nd year, the PartnerRe Women’s 5K Run & Walk is being held this morning [Oct 6] with female runners hitting the roads to help a good cause, as proceeds from the race are donated to local charities. 10-minute live replay of the race start“Since 1998, the PartnerRe Women’s 5K Run & Walk has... Read more of this article

PartnerRe Women’s 5K Run & Walk On Oct 6

PartnerRe Women’s 5K Run & Walk On Oct 6

The PartnerRe Women’s 5K Run & Walk will be held on Sunday, October 6. The event page said, “Now in its 22nd year, the PartnerRe Women’s 5K Run & Walk is presented by Mid-Atlantic Athletic Club [MAAC], sponsored by PartnerRe Ltd. and sanctioned by the Bermuda National Athletics Association [BNAA]. “One of the few female-only... 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, 2019 – August 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... Read more of this article

AM Best Upgrades Credit Ratings Of PartnerRe

AM Best Upgrades Credit Ratings Of PartnerRe

New Jersey-based international credit agency AM Best has upgraded the Financial Strength Rating [FSR] to A+ [Superior] from A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] to “aa-” from “a+” of the operating subsidiaries of Bermuda reinsurer PartnerRe Ltd. The subsidiaries comprise: Partner Reinsurance Company Ltd.; Partner... Read more of this article

PartnerRe Reports Q2 & Half Year 2019 Results

PartnerRe Reports Q2 & Half Year 2019 Results

Bermuda-based PartnerRe Ltd. today [July 26] reported a net income available to common shareholder of $285 million for the second quarter of 2019, which includes net realized and unrealized investments gains of $164 million on fixed maturities and short-term investments, primarily due to decreases in world-wide risk-free rates and credit spreads, and... Read more of this article