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PartnerRe Declares Preferred Shares Dividend

PartnerRe Declares Preferred Shares Dividend

PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period June 15, 2021 – September 14, 2021 of $0.3046875 per share on the Company’s 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J. The dividend is payable on September 15, 2021 to shareholders of record on August 31, 2021. Related... Read more of this article

PartnerRe Reports Q2 & Half Year 2021 Results

PartnerRe Reports Q2 & Half Year 2021 Results

PartnerRe Ltd. reported net income available to common shareholder of $314 million for the second quarter of 2021, compared to income of $229 million for the same period of 2020. A statement from the company said, “Net income available to common shareholder was $248 million for the half year 2021, compared to a loss of $204 million for the same... Read more of this article

PartnerRe Appoints António Horta-Osório

PartnerRe Appoints António Horta-Osório

PartnerRe Ltd. today [May 27] announced that António Horta – Osório has been appointed as an Independent Director to its Board of Directors, effective May 27, 2021Mr. Horta – Osório joins PartnerRe’s Board and will be Chairman of the Investment Committee and a member of the Underwriting and Risk Committee. He is currently the Chairman... Read more of this article

PartnerRe Dividend On Preferred Shares

PartnerRe Dividend On Preferred Shares

PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period March 15, 2021 – June 14, 2021 of $0.3046875 per share on the Company’s 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J. The dividend is payable on June 15, 2021 to shareholders of record on May 28, 2021. Related... Read more of this article

AM Best Affirms Credit Ratings Of PartnerRe

AM Best Affirms Credit Ratings Of PartnerRe

AM Best has affirmed the Financial Strength Rating of A+ [Superior] and the Long-Term Issuer Credit Rating of “aa-” of the operating subsidiaries of PartnerRe Ltd. Concurrently, AM Best has affirmed the Long-Term ICR of “a-” of PartnerRe Ltd. The outlook of these Credit Ratings is stable. The ratings agency said, “The ratings reflect PartnerRe’s... Read more of this article

PartnerRe Reports First Quarter 2021 Results

PartnerRe Reports First Quarter 2021 Results

PartnerRe Ltd. reported net loss attributable to common shareholder of $66 million for the first quarter of 2021. PartnerRe President and Chief Executive Officer Jacques Bonneau commented, “The 2021 underwriting year started on a positive note from a pricing perspective, and we have seen continued momentum throughout our April 1 non-life renewals,... Read more of this article

PartnerRe To Redeem Preferred Shares

PartnerRe To Redeem Preferred Shares

PartnerRe Ltd. announced that it will redeem all of its outstanding 6.50% Series G Cumulative Redeemable Preferred Shares, 7.25% Series H Cumulative Redeemable Preferred Shares, and 5.875% Series I Non-Cumulative Redeemable Preferred Shares on May 3. The company said, “The Series G Preferred Shares, Series H Preferred Shares and Series I Preferred... Read more of this article

PartnerRe Completes Preferred Shares Offering

PartnerRe Completes Preferred Shares Offering

PartnerRe Ltd. announced that it has completed its offering of 8 million shares of its 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J, for gross proceeds of $200 million. “The Series J Preferred Shares, which have a liquidation value of $25.00 per share, are expected to trade on the New York Stock Exchange under the symbol... Read more of this article

PartnerRe Reports Q4 & Full Year 2020 Results

PartnerRe Reports Q4 & Full Year 2020 Results

Bermuda-based PartnerRe Ltd. reported net income available to common shareholder of $204 million for the fourth quarter of 2020 and net income available to common shareholder was $206 million for the full year 2020. The company said, “PartnerRe Ltd. today reported net income available to common shareholder of $204 million for the fourth quarter of... Read more of this article

Enrico Vellano Appointed To PartnerRe’s Board

Enrico Vellano Appointed To PartnerRe’s Board

PartnerRe Ltd. today announced that Enrico Vellano has been appointed to its Board of Directors, succeeding John Elkann as Exor’s representative, effective February 18, 2021. “Mr. Vellano is the Chief Financial Officer of Exor. He started his working experience in 1997 at IFIL, the investment company controlled by the Agnelli Family, and... Read more of this article

PartnerRe Appoints Pohlchristoph To Board

PartnerRe Appoints Pohlchristoph To Board

PartnerRe Ltd. announced that Hermann Pohlchristoph has been appointed to its Board of Directors, effective February 4, 2021. Mr. Pohlchristoph has held multiple executive roles, most recently at Munich Re as a Member of the Board of Management from 2017 to 2020 and as CFO Reinsurance, Munich Re from 2006 to 2017. Prior to that, he served as Head of... Read more of this article

PartnerRe Reports Q3 & Nine Month Results

PartnerRe Reports Q3 & Nine Month Results

PartnerRe Ltd reported a net income available to common shareholder of $206 million for the third quarter of 2020, which includes net realized and unrealized investments gains of $14 million on fixed maturities and short-term investments, primarily due to decreases in worldwide credit spreads, and $44 million of net foreign exchange losses. A statement... Read more of this article

PartnerRe Dividends On Preferred Shares

PartnerRe Dividends On Preferred Shares

PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period September 1, 2020 – November 30, 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 on the... Read more of this article