Latest PartnerRe Headlines
All the headlines from our PartnerRe Topic Page, ordered by recency.
PartnerRe to Participate in Remarketing Prf. Shares
Dec 17 2004 // Bermuda-based PartnerRe Ltd. has announced its intention to participate in the remarketing of the its 5.61 percent Series B Cumulative Redeemable Preferred Shares. “The Preferred Share is one of two component parts...
PartnerRe Notice on Preferred Shares
Dec 15 2004 // Bermuda-based PartnerRe Ltd. announced that payment of a distribution on Capital Trust I Preferred Securities, and a dividend and contract adjustment payment on Premium Equity Participating Security (PEPS) Units, will be...
Best Assigns Debt and IC Ratings to PartnerRe
Nov 12 2004 // A.M. Best Co. announced that it has assigned a debt rating of “bbb” to Bermuda-based PartnerRe Ltd.’s $200 million 6.5 percent Series D Cumulative Redeemable Preferred Shares. It also assigned PartnerRe...
S&P Rates PartnerRe Preferred Stock Issue ‘BBB+’; Affirms Rating, Stable Outlook
Nov 11 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “BBB+” preferred stock rating to Bermuda-based PartnerRe Ltd.’s (PRE’s) proposed $200 million Series D Cumulative...
PartnerRe Estimates Q3 Hurricane Losses
Sep 28 2004 // Bermuda-based PartnerRe Ltd. said it estimates that claims relating to its exposure to Hurricane Ivan are expected to be between $35-$45 million, with the loss split equally between U.S. and Caribbean exposures. “The...
PartnerRe, Converium, Transatlantic and SCOR Give Preliminary Loss Estimates from Hurricane Charley
Aug 20 2004 // Bermuda-based PartnerRe Ltd. estimated that claims relating to its exposure to Hurricane Charley are expected to be between $35 and $45 million. Transatlantic Holdings, Inc. announced from New York that its estimated net...
PartnerRe Continues Strong Numbers Growth
Jul 27 2004 // Bermuda-based PartnerRe Ltd. reported net income of $119.8 million, or $2.12 per share on a fully diluted basis, for the second quarter of 2004. This net income includes net after-tax realized gains on investments of $10.1...
Fitch Affirms PartnerRe Debt and Insurance Ratings
Jun 30 2004 // Fitch Ratings announced that it has affirmed the ‘AA’ insurer financial strength rating of Bermuda’s Partner Reinsurance Company and the ‘A+’ long-term issuer rating of Partner Reinsurance...
Renggli to Head PartnerRe Finite Reinsurance-Global
May 5 2004 // Bermuda-based PartnerRe Ltd. announced that Thomas Renggli has been appointed to head the company’s Finite Reinsurance, Global unit. He will be based in Zurich, Switzerland and will be responsible for the production...
Best Affirms PartnerRe ‘A+’ Rating & Debt Ratings
Apr 21 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of the Bermuda-based PartnerRe Group and its affiliated companies. Best also said it has assigned debt ratings of...
PartnerRe Announces 5% Jan. Growth
Feb 11 2004 // Bermuda’s PartnerRe Ltd. continues to see increasing revenues. Following its good earnings report (See IJ Website Feb.10), the company announced that during the January 2004 renewal season it had bound Non-Life...
PartnerRe Reports $104.5 million Q4 Net; $467.7 Million Full Year
Feb 10 2004 // Bermuda-based PartnerRe Ltd. reported net income, which includes capital gains and losses on investments, of $104.5 million, or $1.84 per share on a fully diluted basis, for the quarter ended December 31, 2003. Net income...
PartnerRe Reports Claims from its Exposure to Algerian Gas Plant Explosion to Range Between $27-30 Million
Jan 23 2004 // Bermuda-based PartnerRe Ltd. announced that claims relating to its net exposure to an explosion at Algeria’s largest LNG (liquefied natural gas) plant earlier this week are expected to approximate $27-30 million. The...
PartnerRe Appoints Vito H. Baumgartner to Board of Directors
Oct 30 2003 // Bermuda’s PartnerRe Ltd. announced that Vito H. Baumgartner has been appointed to its Board of Directors, effective November 1, 2003. The announcement noted that “Mr. Baumgartner, 63, is a Group President and...
PartnerRe Weathers Hurricane Fabian
Sep 15 2003 // Bermuda-based PartnerRe Ltd. has issued a bulletin giving details on the impact of Hurricane Fabian, a Category 3 storm which hit the island on Friday, Sept. 5, 2003, with winds in excess of 140 mph (225 kmh), causing an...
Recent Ratings Round-up
Sep 5 2003 // Due to the significant number of ratings announcements released recently, the IJ offers the following summary of actions taken by the rating agencies indicated. More complete information can be obtained directly from the...
PartnerRe Ltd. Reports Record 2ndQ and First Half 2003 Results
Aug 5 2003 // PartnerRe Ltd. reported record results for the second quarter and first half of 2003. PartnerRe president & CEO Patrick Thiele, commented, “We had an exceptional second quarter. In addition to setting a new...
Kevin M. Twomey Appointed to PartnerRe’s Board of Directors
Jun 9 2003 // Bermuda-based PartnerRe Ltd. announced that Kevin M. Twomey has been appointed to its Board of Directors. Twomey, 56, is the President and CEO of the St. Joe Company, a real estate operating company engaged in residential,...
PartnerRe Completes Offering of Series C Preferred Shares; Will Redeem Series A
May 12 2003 // Bermuda’s PartnerRe Ltd. announced that it has completed its offering of its Series C Cumulative Preferred Shares, resulting in net proceeds to the Company of $251.8 million. “The Series C Shares will trade on...
$171 Million Capital Gain for Swiss Re on PartnerRe Sale
May 7 2003 // Swiss Re will sell its remaining 8.3 million shares in Bermuda’s PartnerRe, around 16 percent of the company’s total shares, on the open market, pursuant to a registration statement with the Securities and...
