Hashtag: #PartnerRe

PartnerRe Donates $226,825 For Covid-19 Relief

PartnerRe Donates $226,825 For Covid-19 Relief

PartnerRe Ltd. announced two donations totaling $226,825 aimed at supporting Bermudians directly or indirectly affected by the coronavirus pandemic. A spokesperson said, “PartnerRe Ltd. [PartnerRe], has announced two donations totaling $226,825 aimed at supporting Bermudians directly or indirectly affected by the coronavirus pandemic. “A... Read more of this article

PartnerRe Announces Changes To Its Leadership

PartnerRe Announces Changes To Its Leadership

PartnerRe Ltd. announced that effective June 1st, Philippe Meyenhofer will be appointed CEO Specialty Lines while Greg Haft will be appointed to the new role of CEO Global Cat. A spokesperson said, “PartnerRe announced today that the Company will change responsibilities in its executive leadership for Specialty Lines and will create the new role... Read more of this article

AM Best Affirms Credit Ratings Of PartnerRe

AM Best Affirms Credit Ratings Of PartnerRe

AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating [FSR] of A+ [Superior] and Long-Term Issuer Credit Rating [Long-Term ICR] of “aa-” of the operating subsidiaries of PartnerRe Ltd. The ratings agency said, “Concurrently, AM Best has also removed from under review with developing implications... Read more of this article

Exor To Retain Ownership Of PartnerRe

Exor To Retain Ownership Of PartnerRe

Exor will retain ownership of PartnerRe following Covéa failing to “honour its commitment” to finalise the acquisition agreement. The company said, “Exor communicates that its Board of Directors, meeting under the Chairmanship of John Elkann, has acknowledged Covéa’s notice that Covéa will not honour its commitment to acquire... Read more of this article

PartnerRe Reports First Quarter 2020 Results

PartnerRe Reports First Quarter 2020 Results

Bermuda-based PartnerRe Ltd. reported a net loss attributable to common shareholder of $433 million for the first quarter of 2020. The company said, “PartnerRe Ltd. reported a net loss attributable to common shareholder of $433 million for the first quarter of 2020, which included net realized and unrealized investment losses of $27 million on fixed... 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 March 1, 2020 – May 31, 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 per share... Read more of this article

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