Latest PartnerRe Headlines
All the headlines from our PartnerRe Topic Page, ordered by recency.
Best Sees No Change in PartnerRe’s Ratings after Executive Shakeup
Jul 14 2010 // A.M. Best Co. has commented that the financial strength rating of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the Bermuda-based PartnerRe Group and its members are unchanged...
PartnerRe Completes Organizational Integration of PARIS RE
Jul 14 2010 // PartnerRe Ltd. said that it “has successfully concluded the previously announced voluntary severance plan for Paris-based employees related to the Company’s acquisition of PARIS RE in 2009.” The bulletin...
PartnerRe Names Clarke, Babcock, Pescoe to New Management Roles
Jul 12 2010 // PartnerRe Ltd. Has announced three executive management changes. Emmanuel Clarke will become CEO, PartnerRe Global effective September 1, 2010. Bill Babcock will become Executive Vice President, CFO, PartnerRe Ltd....
PartnerRe’s Exec. VP, CFO Benchimol to Step Down in December
Jul 12 2010 // Bermuda-bsed PartnerRe Ltd. announced that Executive Vice President and Chief Financial Officer Albert Benchimol will leave the Company, effective December 31, 2010. He has served as EVP & CFO since he joined PartnerRe...
Best Affirms PartnerRe Group’s ‘A+’ Ratings; Outlook Stable
Jun 18 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings of “aa-” of the Bermuda-based PartnerRe Group and its members. Best also affirmed the ICR...
Montupet Elected as New PartnerRe Board Chairman
May 12 2010 // Bermuda-based PartnerRe Ltd. announced today that, Jean-Paul Montupet has been named as Chairman of its Board of Directors, following his re-election as a Director. He replaces John Rollwagen, who was also re-elected as a...
PartnerRe Reports Q1 Operating Loss; Net Income $79.7 Million
May 7 2010 // Bermuda-based PartnerRe Ltd. reported net income of $79.7 million, or $0.85 per share on a fully diluted basis for the first quarter of 2010; the figure includes net after-tax realized and unrealized gains on investments...
PartnerRe Announces Retirement of President and CEO Patrick Thiele
May 4 2010 // Bermuda-based PartnerRe Ltd. announced that Patrick Thiele, the Company’s President and CEO, has decided to retire, effective December 31, 2010. He will also step down from the Company’s Board of Directors at...
PartnerRe Oil Platform Disaster Loss Estimates Put at $60-$70 Million
Apr 30 2010 // Bermuda-based PartnerRe Ltd. announced preliminary estimates of expected claims, relating to the recent explosion of the Deepwater Horizon Drilling Platform in the Gulf of Mexico, as in “the range of $60-$70...
Ratings Recap: GIC India, Top Layer Re, AIA (Australia), PartnerRe (notes)
Mar 15 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of General Insurance Corporation of India (GIC), both with stable outlooks. The ratings...
PartnerRe Prices $500 Million Sr. Notes: S&P Assigns ‘A’ Rating
Mar 15 2010 // Bermuda-based PartnerRe Ltd. announced that it has priced, through its indirectly wholly-owned subsidiary PartnerRe Finance B LLC, $500 million of 10-year fixed rate 5.50 percent Senior Notes, pursuant to its currently...
PartnerRe Gives Loss Estimates for Chile Quake, Windstorm Xynthia
Mar 9 2010 // Bermuda-based PartnerRe Ltd has issued preliminary estimates of expected claims from the earthquake in Chile and European Windstorm Xynthia. Total insured industry losses from the M8.8 earthquake in Chile, which hit on...
Meyenhofer to Retire from Chairmanship of PartnerRe Global
Feb 22 2010 // Bermuda-based PartnerRe Ltd. announced that Bruno Meyenhofer, Chairman of PartnerRe Global (the Company’s non-U.S. operations], has advised the Company of his decision to retire, effective March 31, 2010. He joined...
PartnerRe Repurchases App. 1.7% of Common Shares Outstanding
Feb 17 2010 // Bermuda,-based PartnerRe Ltd announced the repurchase of 1,438,394 common shares in privately negotiated transactions. “The shares, totaling approximately 1.7 percent of total common shares outstanding, were...
PartnerRe Changes Organizational Structure after PARIS RE Acquisition
Feb 12 2010 // Bermuda-based PartnerRe Ltd. Has announced organizational changes, following the acquisition of PARIS RE. The Company said it would “maintain its existing business unit-based operating structure, consisting of three...
PartnerRe Full Year Net Income Soars to $1.53 Billion; Q4 $354 Million
Feb 11 2010 // PartnerRe Ltd. shook off a rather dismal 2008 with a strong performance in 2009. The Bermuda-based reinsurer posted net income of $354.4 million, or $4.25 per share on a fully diluted basis for the fourth quarter of 2009,...
PartnerRe’s January Non-Life Treaty Renewals ‘Stable’
Jan 27 2010 // Bermuda,-based PartnerRe Ltd. announced that during the January 1, 2010 treaty renewal season it expects to write and bind approximately $2.6 billion of non-life premium. The bulletin added that this figure “includes...
PartnerRe Appoints Carre Group Risk Management Director
Dec 16 2009 // Bermuda-based PartnerRe Ltd. announced that Jérôme Carré, currently Chief Risk Officer for PARIS RE, has been appointed as PartnerRe Group Risk Management Director, effective January 1, 2010. He will...
PartnerRe Cross-Lists on NYSE, Euronext Paris Stock Exchange
Dec 8 2009 // Bermuda-based PartnerRe Ltd. announced its successful cross-listing on both the NYSE and Euronext Paris stock exchanges. The company said the cross-listing facility, effective immediately, is consistent with its...
PartnerRe Completes PARIS RE Acquisition
Dec 8 2009 // Bermuda-based PartnerRe Ltd. announced that it has completed its acquisition of 100 percent of the outstanding common shares of PARIS RE Holdings Limited, following the approval by PARIS RE’s shareholders of the...
