Hashtag: #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
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
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
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
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 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 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
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 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
PartnerRe Longevity Transaction With Manulife
PartnerRe has entered into a transaction with The Manufacturers Life Insurance Company [Manulife] to reinsure longevity risk from an in-force block of Canadian group payout annuities. In aggregate, PartnerRe will reinsure the longevity risk in respect of approximately 25,000 annuitants. Alan Ryder, CEO of PartnerRe North America Life commented: “PartnerRe... Read more of this article
PartnerRe Changes P&C & Leadership Team
PartnerRe announced that the Company will reorganize its Property & Casualty [P&C] business segment into a regional structure, and will make several changes to its Executive Leadership Team. Effective April 1, 2019, PartnerRe’s P&C business will be reorganized into three distinct regional units: Americas, Europe, Middle-East and Africa... Read more of this article
PartnerRe Reports Q4 & Full Year 2018 Results
Bermuda-based PartnerRe Ltd. reported a net loss attributable to common shareholder of $32 million for the fourth quarter which was largely driven by losses related to Hurricane Michael and California wildfires of $282 million, partially offset by net realized and unrealized investment gains on fixed maturities and short-term investments of $31 million... Read more of this article
Bonneau Appointed As Independent Director
PartnerRe Ltd. announced that Jacques Bonneau has been appointed to its Board of Directors, effective February 20, 2019. Mr. Bonneau has held multiple executive roles, most recently at Chubb Ltd. as Group Chief Underwriting Officer from 2014 to 2017 and as CEO, Chubb Tempest Re Group from 2005 to 2014. Prior to that, he served as CEO, Chubb Tempest... Read more of this article
PartnerRe Dividends On Preferred Shares
Bermuda-based PartnerRe declared a dividend for the period December 1, 2018 – February 28, 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 I... Read more of this article
Fitch Affirms PartnerRe’s Ratings, Outlook Stable
Fitch Ratings has affirmed PartnerRe Ltd.’s [PRE] ratings, including its ‘A-’ Issuer Default Rating [IDR] and the ‘A+’ [Strong] Insurer Financial Strength [IFS] rating of Partner Reinsurance Company Ltd. The Rating Outlook is Stable. A statement from the ratings agency said, “The affirmation reflects the company’s... Read more of this article
Video: PartnerRe Donate $240,000 To Schools
Eight local secondary schools received $30,000 each at the culmination of PartnerRe Ltd.’s Dollars for Hours project that pairs student volunteers with local charities on community projects. At a showcase hosted this evening [Dec 4] by PartnerRe to celebrate the students’ achievements, PartnerRe’s Brand Manager, Jaime Masters McDowell and Junior... Read more of this article
