Hashtag: #PartnerRe
PartnerRe Appoints Jacques Bonneau As CEO
PartnerRe Ltd. has appointed Jacques Bonneau as its President and Chief Executive Officer [CEO]. A spokesperson said, “Mr. Bonneau has been a member of the PartnerRe Board of Directors since February 2019, having served on the Company’s Audit Committee and as the Chairman of its Underwriting and Risk Committee, and has been former CEO of Ace/Chubb... Read more of this article
PartnerRe Reports Q2 & Half Year 2020 Results
Bermuda-based PartnerRe Ltd. reported a net income available to common shareholder of $229 million for the second quarter of 2020. The company said, “PartnerRe Ltd. [the Company] today reported net income available to common shareholder of $229 million for the second quarter of 2020, which included net realized and unrealized investment gains... Read more of this article
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 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
