Latest PartnerRe Headlines
All the headlines from our PartnerRe Topic Page, ordered by recency.
PartnerRe Names Mitchard Chief Information Officer
May 9 2006 // Bermuda-based PartnerRe Ltd. announced that Mike Mitchard has been appointed as Chief Information Officer. He will be replacing Werner Heiz, who is retiring from the Company. He will report to Costas Miranthis, who has...
Partner Re Posts 73.4% Q1 Net Income Gain to $193.2 Million
Apr 25 2006 // Bermuda’s PartnerRe Ltd. reported net income of $193.2 million, or $3.21 per share on a fully diluted basis, for the first quarter of 2006, a 73.4 percent rise. Net income includes net after-tax realized gains on...
PartnerRe Sees Q4 Net Loss of $33.6M
Feb 6 2006 // Bermuda-based PartnerRe Ltd. reported a net loss of $33.6 million, or $0.76 per share, for the fourth quarter of 2005. This net loss includes net after-tax realized gains on investments of $37.0 million or $0.66 per share....
PartnerRe Reports Distribution on Capital Trust Preferred Securities
Dec 10 2005 // Bermuda-based PartnerRe Ltd. reported that payment of a distribution on Capital Trust I Preferred Securities will be made on Dec. 30, 2005. Payment will be to shareholders of record on Dec. 20, 2005. The distribution on...
Best Affirms PartnerRe S.A. Ratings
Oct 28 2005 // Along with affirming the parent company’s ratings (See previous article), A.M. Best Co. announced that it has affirmed the financial strength rating of “A+†(Superior) and the issuer credit rating of...
Best Affirms PartnerRe Ratings; Removes From Under Review
Oct 28 2005 // A.M. Best Co. joined S&P and Fitch (See IJ Website Oct. 26 and 27) in affirming the financial strength rating (FSR) of “A+†(Superior) and issuer credit rating (ICR) of “aa-” of the reinsurance...
S&P Affirms PartnerRe ‘A’ Ratings
Oct 27 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its “A” counterparty credit rating on Bermuda-based reinsurer PartnerRe Ltd. (PRE). S&P also affirmed its “AA-”...
PartnerRe Estimates Wilma Claims
Oct 26 2005 // Bermuda’s PartnerRe Ltd. has given the first estimations of its expected claims relating to Hurricane Wilma, following the hurricane’s passage through Mexico and south Florida over the last week. The estimates...
Fitch Affirms PartnerRe’s Ratings
Oct 26 2005 // Fitch Ratings announced that it has affirmed the “AA” Insurer Financial Strength rating of Partner Reinsurance Company. Fitch also affirmed the various ratings of Partner Reinsurance’s parent company...
PartnerRe Updates Impact of Q3 Catastrophic Events
Oct 4 2005 // Bermuda-based PartnerRe Ltd. has provided a further update on the catastrophic events of the third quarter, and the potential impact on the company’s shareholders’ equity. The company currently estimates that...
PartnerRe Updates Q3 Cat Impact
Sep 9 2005 // Bermuda-based PartnerRe Ltd. has issued a bulletin providing an update on the catastrophic events of the third quarter, and the potential impact on the Company’s shareholders’ equity. The bulletin did not give...
PartnerRe Names Clarke to Head Global P/C Business; Succeeding Nessi
Sep 5 2005 // Bermuda-based PartnerRe Ltd. announced that Emmanuel Clarke has been appointed Head of the P/C business unit for its Global (non-U.S.) operations, effective January 1, 2006. He succeeds Jean-Marie Nessi, who joined...
S&P Assigns Ratings to Partner Re Debt Issue
Jul 6 2005 // Standard & Poor’s Ratings Services has assigned its preliminary “A” senior debt, “A-” subordinated debt, and “BBB+” preferred stock ratings to PartnerRe Ltd.’s (PRE) $1...
PartnerRe Receives Subpoena on Finite Reinsurance Investigation
Jun 17 2005 // PartnerRe Ltd. joined other Bermuda insurers – RenRe, and Platinum being the latest (See IJ Web site June 16) – in the small, but growing, club of reinsurers who have received subpoenas from the United States...
PartnerRe Announces Plan to Repurchase up to 5 Million Shares
May 12 2005 // Bermuda’s PartnerRe Ltd. announced that its Board of Directors has approved an increase in the company’s stock repurchase authorization for a total of up to 5 million common shares. “This reflects an...
PartnerRe Update on Accelerated Share Repurchase
Apr 12 2005 // Bermuda-based PartnerRe Ltd. has announced final settlement of the accelerated share repurchase announced by the Company in December 2004. “Deutsche Bank AG London Branch has completed its purchase of 2 million...
S&P Assigns PartnerRe (Ireland) ‘AA-‘ Rating; Affirms Partner Re Ratings
Mar 16 2005 // Standard & Poor’s Ratings Services announced that it has assigned its “AA-” financial strength rating to Partner Re Ireland Insurance Co. (PRII), a newly formed subsidiary of Bermuda-based PartnerRe...
PartnerRe Believes Claims from European Windstorm Erwin to be Between $50-$60 Million
Jan 26 2005 // Bermuda-based PartnerRe Ltd. announced that claims relating to its exposure to Windstorm Erwin, which hit Northern Europe in early January, are expected to be between $50-$60 million. Windstorm Erwin battered Northern...
PartnerRe: Tsunami Claims Likely $25M-$35M
Jan 11 2005 // Bermuda-based PartnerRe Ltd. on Tuesday estimated that claims relating to its exposure to the earthquake and resulting tsunami in Southeast Asia on Dec. 26, 2004 are expected to be between $25-$35 million. PartnerRe...
PartnerRe Accelerates 2 Million Share Repurchase
Dec 28 2004 // Bermuda-based PartnerRe Ltd. announced the repurchase of 2 million shares of its common stock in an accelerated share repurchase agreement. The bulletin, released Friday, Dec. 23, said the shares would “be purchased...
