Latest PartnerRe Headlines
All the headlines from our PartnerRe Topic Page, ordered by recency.
PartnerRe’s Parent EXOR Vows to Go Ahead with Deals Despite Pandemic
Apr 9 2020 // The boss of EXOR showed confidence on Wednesday in the success of three transformative deals set to reshape its multi-billion portfolio of corporate holdings, despite being caught at mid-air by the coronavirus crisis. In a...
EXOR to Sell PartnerRe to French Insurer Covea for $9 Billion
Mar 4 2020 // EXOR has agreed to sell PartnerRe to French mutual insurer Covéa, a move that is turning out to be a very profitable thing for the Italian investment firm. EXOR bought the Bermuda-based reinsurer in March 2016 for $6.72...
Italian Investor Group Exor Weighs Sale of PartnerRe to France’s Covea
Feb 9 2020 // Investment group Exor, which controls carmaker Fiat Chrysler, is in exclusive talks to sell reinsurer PartnerRe to France’s Covea in a deal one source familiar with the matter said was worth around $9 billion. Exor,...
Bonaccorso to Retire as PartnerRe’s CFO, Succeeded by Burnet from Zurich Insurance
Oct 11 2019 // PartnerRe Ltd. announced that Mario Bonaccorso, executive vice president and chief financial officer, will retire from the company on March 31, 2020 to pursue a new entrepreneurial venture with financial support from...
AM Best Upgrades Credit Ratings of PartnerRe and Subsidiaries
Aug 5 2019 // AM Best has upgraded the Financial Strength Rating 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...
People
Jul 15 2019 // National PartnerRe announced that Jonathan Colello has joined the company effective July 1, 2019, as CEO for P&C Americas and president of Partner Reinsurance Co. of the U.S. In his new role, Colello will have...
North Carolina-Based Curi Appoints PartnerRe’s Farrelly as SVP of Underwriting
May 13 2019 // Curi, a provider of medical malpractice products and services for physicians, has appointed Sean Farrelly as its new senior vice president of Underwriting. In this role, Farrelly will lead Curi’s underwriting...
Partner Re Names Colello to Lead P/C Business in U.S., Canada, Latin America
Apr 17 2019 // PartnerRe announced that Jonathan Colello will join the company effective July 1, 2019, as chief executive officer for P&C Americas, and president of Partner Reinsurance Co. of the U.S. In his new role, Colello will...
PartnerRe Restructures P/C Business, Makes Changes to Executive Leadership Team
Mar 13 2019 // PartnerRe announced the company will reorganize its Property & Casualty (P&C) business segment into a regional structure while making several changes to its executive leadership team. Effective April 1, 2019,...
Is the Reinsurance Cycle Dead or Just Dormant? Executives Discuss New Realities
Oct 2 2018 // Many reinsurance executives have been left scratching their heads in surprise after last year’s natural catastrophes, which cost a whopping $100 billion but ended up having very little impact on rates. The insurance...
A CEO Needs to Be Authentic, Optimistic and Resilient: PartnerRe’s Clarke
Sep 17 2018 // When PartnerRe acquired SAFR in 1997, it expanded its scope of business, moving quickly from being a monoline catastrophe reinsurer to a multiline company. Along with that purchase came PartnerRe’s future CEO,...
Partner Re Celebrates Its First 25 Years– When Everything and Nothing Has Changed
Sep 17 2018 // During PartnerRe’s first 25 years as a reinsurer, everything has changed and nothing has changed. From its roots as a pure catastrophe player, PartnerRe has dramatically evolved–or diversified–over the...
SCOR Denies Press Rumors of Talks with PartnerRe
Sep 5 2018 // French reinsurer SCOR formally denied press claims that the group has been in merger discussions with PartnerRe or any other company. The SCOR statement, which was issued on Sept. 4, comes on the heels of a revelation on...
Elkann Steps Down as Chairman of PartnerRe, Succeeded by Dowd
Aug 31 2018 // PartnerRe Ltd. announced that Brian Dowd will succeed John Elkann as chairman of the company’s board of directors, effective Sept. 1. Elkann, who is chairman and CEO of PartnerRe’s parent company, EXOR, will...
AXIS Re Appoints PartnerRe’s Pollak to New Role as Head of Product Center
Aug 16 2018 // AXIS Capital Holdings Ltd. announced that Marcus Pollak has been appointed to the newly created role of head of Product Center for AXIS Re. Based in Zurich, Pollak will lead underwriting process and portfolio management...
Partner Re’s Walker Retires; Goldie Named CEO of P/C; Clarke Heads Specialty Lines with Haft
Jan 5 2018 // Bermuda’s PartnerRe Ltd. announced that Charles Goldie, formerly CEO of Specialty Lines, has been appointed CEO of Property & Casualty, following the retirement of Tad Walker who previously filled that...
Partner Re, RenRe & Third Point Re Estimate Q3 Natural Catastrophe Losses
Oct 6 2017 // Three more reinsurers released their initial loss estimates from third quarter natural catastrophes, which include Hurricanes Harvey, Irma and Maria and the Mexico City earthquake. PartnerRe Ltd. estimates combined...
PartnerRe Forms Partnership with Fintech Money Transfer Specialist, RemitRadar
Sep 21 2017 // PartnerRe has entered into a strategic cooperation agreement with RemitRadar, a London-based money transfer specialist. PartnerRe and RemitRadar said they have formed this agreement “to capitalize on...
PartnerRe Taps Google’s Burkel as Chief Corporate & People Operations Officer
Jul 14 2017 // PartnerRe Ltd. announced that Dorothée Burkel has been appointed to the new position of chief corporate and people operations officer, effective October 2, 2017. As a member of PartnerRe’s executive management team,...
Partner Re’s CEO of P&C Walker, Chief Risk & Actuarial Officer Pestcoe to Retire
Jun 29 2017 // PartnerRe Ltd. announced that Tad Walker, CEO Property & Casualty, and Marvin Pestcoe, chief risk and actuarial officer, will both retire from the company at the end of the first quarter of 2018. PartnerRe is...
