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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

PartnerRe Appoints Chris Shanahan

PartnerRe Appoints Chris Shanahan

Bermuda-based PartnerRe Ltd. announced that Chris Shanahan has been appointed President of its US Life operations effective July 1, 2019. Mr. Shanahan joined PartnerRe in May 2018 as Executive Vice President, Corporate Development, North America Life, where he led the development and advancement of strategy for PartnerRe’s US life reinsurance business. In... Read more of this article

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