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PartnerRe strikes deal with Manulife to reinsure longevity risk of 25,000 annuitants

14th March 2019

Bermuda-based reinsurer PartnerRe has entered into a transaction with The Manufacturers Life Insurance Company (Manulife) to reinsure longevity risk from an in-force block of Canadian group payout annuities. In aggregate, the deal will see PartnerRe reinsure the longevity risk of roughly 25,000 annuitants. Manulife recently wrapped up a deal with RGA ... Read the full article

PartnerRe reorganises P&C structure & leadership as Goldie departs

13th March 2019

Bermuda-based reinsurer PartnerRe has announced a raft of changes at the top of its property and casualty reinsurance leadership team, as Charles Goldie, CEO P&C, is set to depart the firm. PartnerRe said it will reorganise the structure of its Property & Casualty (P&C) business segment, taking a regionally focused approach ... Read the full article

Catastrophes drive $132mn full-year loss for PartnerRe

22nd February 2019

The impact of catastrophe events in the third and fourth-quarter of 2018 significantly dented the 2018 underwriting result for Bermuda-based reinsurer PartnerRe, with the firm recording a net loss of $132 million for the year. The $132 million net loss compares with net income of $218 million in 2017, and is ... Read the full article

PartnerRe adds Chubb’s Jacques Bonneau to Board of Directors

20th February 2019

Bermuda-based reinsurer PartnerRe has announced the addition of Jacques Bonneau to its Board of Directors, effective February 20. Bonneau joins from Chubb where he served as Group Chief Underwriting Officer between 2014 and 2017. Previously, he served a the Chief Executive Officer of Chubb Tempest Re Group from 2005 for nine years. Prior ... Read the full article

SCOR never had discussions with PartnerRe, affirms CEO Kessler

12th February 2019

Denis Kessler, Chief Executive Officer (CEO) of French reinsurer SCOR, has reaffirmed that the company has never had discussions with Bermudian reinsurer PartnerRe regarding a potential merger scenario. Rumours about a possible combination between the two companies have circulated since SCOR rejected an €8.2 billion takeover bid from Covéa last year ... Read the full article

SCOR-PartnerRe combo could produce top-three reinsurer, say analysts

8th February 2019

A potential merger deal between French reinsurer SCOR and Bermuda-based PartnerRe would make strategic sense for both firms and could produce a combined entity that ranks in the top-three global reinsurers, according to analysts at AlphaValue. Rumours about a potential deal between the companies have been circulating since SCOR rejected an ... Read the full article

PartnerRe appoints Kelly Munger as Head of U.S Health

7th December 2018

Bermuda-based reinsurer PartnerRe has announced the appointment of Kelly Munger as Head of U.S Health, effective 17 December 2018. Munger joins with 30 years’ experience in the reinsurance industry, having specialised in the U.S Group Life, Accident and Health business for the majority of her career In her new role, Munger will ... Read the full article

PartnerRe hit by Q3 cats, but non-life segment on track year-to-date

15th November 2018

Bermuda-based reinsurer PartnerRe Ltd. has reported a net loss of $106 million for the third-quarter of 2018, driven by pre-tax catastrophe losses of $120 million. At the same time, the company's non-life segment fell to an underwriting loss in the quarter, although, for the first nine months of the year, ... Read the full article

SCOR may pursue PartnerRe deal following Covéa offer, says Berenberg

2nd October 2018

Analysts at investment bank Berenberg have said that French reinsurance giant SCOR may pursue a merger deal with Bermudian reinsurer PartnerRe as a defence strategy following the rejection of what SCOR considered to be a “hostile and unfriendly” €8.2 billion (US $9.6 billion) takeover bid from Covéa last month. SCOR ... Read the full article

Cycles are not dead: Emmanuel Clarke, PartnerRe

12th September 2018

Emmanuel Clarke, the President and Chief Executive Officer (CEO) of reinsurer PartnerRe, has said that the cycle is not dead, and that he believes we will continue to see cycles in reinsurance, too. Clarke made the comments speaking at the annual meeting of the reinsurance industry in Monte-Carlo, in response to ... Read the full article

For reinsurers that can increase relevance, the future is bright: PartnerRe

9th September 2018

Global reinsurer PartnerRe sees a bright future for reinsurance companies that can increase their relevance in an evolving risk landscape, according to the firm's President and Chief Executive Officer (CEO), Emmanuel Clarke and CEO of P&C, Charles Goldie. Speaking at the Monte Carlo Reinsurance Rendez-vous 2018, the pair underlined the importance ... Read the full article

SCOR denies rumour of PartnerRe talks

4th September 2018

SCOR is under the microscope today, with press rumours now circulating following the initial reveal that mutual insurance group owner Covéa had approached the firm with an acquisition offer, which SCOR turned down. SCOR quickly said that its Board decided to decline the approach from insurance group Covéa as it ... Read the full article

PartnerRe names Brian Dowd to replace Elkann as Chairman

30th August 2018

Reinsurer PartnerRe has announced that John Elkann is to be replaced as Chairman of the firm's Board of Directors by Brian Dowd, effective September 1st, 2018. Elkann, who is Chairman and Chief Executive Officer (CEO) of EXOR, is to remain on the PartnerRe Board after he steps down as its Chairman. His ... Read the full article

Product innovation key to MENA insurance penetration: PartnerRe’s Orlando

28th June 2018

The reinsurance industry needs to support insurers in creating and developing new products to address low insurance penetration in the Middle East & North Africa (MENA) region, according to Salvatore Orlando, Head of Middle East, Africa and Russia at PartnerRe. "Low levels of insurance penetration are a global problem, but one ... Read the full article

PartnerRe rating outlook positive: A.M. Best

18th June 2018

A.M. Best has announced a readjustment of PartnerRe’s rating outlook from stable to positive, placing the Financial Strength Rating (FSR) at A and the Long-Term Issuer Credit Ratings (Long-Term ICR) at A+ for the majority of the firm’s subsidiaries. Additionally, Best has increased the PartnerRe American and Canadian Life Reinsurance Companies’ ... Read the full article

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