Tag: PartnerRe
Ratings Agency Upgrade For PartnerRe
A.M. Best Co. this week [May 16] revised the outlook to stable from negative and affirmed the financial strength rating [FSR] of A+ [Superior] and issuer credit ratings (ICR) of “aa-” of Bermuda-based Partner Reinsurance Company Ltd. and its affiliates. A.M. Best also has revised the outlook to stable from negative and affirmed the ICR of “a-”... Read more of this article
New Study On Reinsurance Hubs Released
Research and Markets — a leading international market research and market data firm — on Monday [Apr. 29] announced the addition of the “2020 Foresight Report: Reinsurance Hubs” report to its catalogue of publications. A Research and Markets spokesperson said: “Growing uncertainties in the global economy and the increasing... Read more of this article
PartnerRe Board Of Directors Declare Dividend
Bermuda-based PartnerRe Ltd. announced on Monday [Apr. 29] that its board of directors has declared a dividend of $0.64 per common share. The dividend will be payable on May 31, 2013, to common shareholders of record on May 20, 2013, with the stock trading ex-dividend commencing May 16, 2013. With headquarters in Wellesley House on Pitts Bay Road, PartnerRe... Read more of this article
Eight Jobs Lost As PartnerRe Restructures
Bermuda-based PartnerRe Ltd. yesterday [Apr. 17] announced the restructuring of its business support operations into a single integrated worldwide support platform, a change that will see eight jobs lost in their Bermuda operation. The company said the purpose is to provide shared support services on a global basis across the group, and will result... Read more of this article
PartnerRe To Release First Quarter Results
Bermuda-based PartnerRe will release its 2013 first quarter results after the market close on Monday, April 29, 2013. PartnerRe senior management will conduct a dial-in conference call, which will include a question and answer period, on Tuesday, April 30, 2013, at 10:00 a.m. Eastern. Investors and analysts are encouraged to call in 15 minutes prior... Read more of this article
PartnerRe Announces Desmet Appointment
Bermuda-based PartnerRe Ltd. has announced that Laurie Desmet has been appointed to PartnerRe’s executive management committee effective Monday [Apr. 1]. Ms Desmet will serve as Chief Operations Officer, Group and will have executive responsibility of PartnerRe’s operations support worldwide. Ms. Desmet has more than 28 years of experience, both... Read more of this article
PartnerRe Ltd. Forms $75M Lorenz Re Ltd
Bermuda-based re/insurer PartnerRe Ltd. has formed Lorenz Re Ltd., a Special Purpose Insurer domiciled in Bermuda. Lorenz Re was capitalized with $75 million through the issuance of multiple classes of preference shares. It will provide additional capacity to PartnerRe on a diversified portfolio of catastrophe reinsurance treaties over a multi-year... Read more of this article
PartnerRe Ltd. Authorizes Share Repurchase
In a filing dated 06 March, 2013, PartnerRe Ltd. has announced that its Board of Directors has approved a share repurchase authorization for a total of up to 6 million common shares, effective immediately. This authorization supercedes the Company’s previous authorization of August 2012. From time to time, and depending on market conditions, the... Read more of this article
PartnerRe Prices 5.875% Series F Share Offering
Bermuda-based PartnerRe Ltd. has priced an offering of 5.875% Series F Non-Cumulative Redeemable Preferred Shares. The offering is expected to close on February 14, 2013, subject to customary closing conditions. In the offering, PartnerRe expects to issue 10 million shares [$250 million] of Series F preferred shares, and intend to apply for listing... Read more of this article
PartnerRe Records 2012 4th Quarter Profit
Bermuda-based PartnerRe Ltd. reported net income of $111.5 million, or $1.56 per share for the fourth quarter of 2012. This net income includes net after-tax realized and unrealized losses on investments of $7.4 million, or $0.12 per share. Net loss for the fourth quarter of 2011 was $17.6 million, or $0.49 per share, including net after-tax realized... Read more of this article
