Hashtag: #PartnerRe
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 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 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
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
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
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
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 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
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
[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
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
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 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
[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
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
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
