PartnerRe News

SCOR Denies Press Rumors of Talks with PartnerRe

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 the same …

Elkann Steps Down as Chairman of PartnerRe, Succeeded by Dowd

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 remain on the board. Before he retired …

U.S. Sanctions Likely to Ban Use of Lloyd’s IT Platform for Processing Iran Insurance

New U.S. sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country. European insurers, reinsurers, brokers and shipping firms have been …

Cyber Business Interruption Remains Area of Uncertainty for Insurance

Although the insurance industry may have had plenty of time to wrap its mind around managing physical property threats, what about the newly growing area of non-physical threats? Panelists at the 2018 PLUS Cyber Symposium, held in May in Chicago, …

Partner Re’s Walker Retires; Goldie Named CEO of P/C; Clarke Heads Specialty Lines with Haft

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 role. Goldie has headed up PartnerRe’s Specialty Lines business since …

Partner Re, RenRe & Third Point Re Estimate Q3 Natural Catastrophe Losses

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 catastrophe losses of approximately $475 million (pre-tax, net of retrocession and …

PartnerRe Forms Partnership with Fintech Money Transfer Specialist, RemitRadar

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 RemitRadar’s money transfer ecosystem, web presence and social media channels, including AI [artificial …

PartnerRe Taps Google’s Burkel as Chief Corporate & People Operations Officer

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, Burkel will have executive responsibility for human resources, …

AXIS Capital to Acquire Lloyd’s Specialty Re/Insurer Novae for $604 Million

AXIS Capital Holdings Ltd. announced it is acquiring Novae Group plc, a specialty re/insurer that operates through Lloyd’s of London. “The US$604 million transaction adds scale and breadth to the international specialty insurance business of AXIS, creating a $2 billion …

Partner Re’s CEO of P&C Walker, Chief Risk & Actuarial Officer Pestcoe to Retire

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 conducting external searches for Walker’s …