Artemis ILS NYC 2020

Menu

Reinsurance News

PartnerRe

PartnerRe makes key exec changes as EVP & CFO departs

11th October 2019

Mario Bonaccorso, the Executive Vice President and Chief Financial Officer of Bermudian reinsurer PartnerRe, is to depart the company on 31 March 2020 in order to pursue a new entrepreneurial venture. Bonaccorso will be succeeded by Nicolas Burnet, who joins from Zurich after serving across a number of senior positions for ... Read the full article

PartnerRe CEO optimistic on market, sees private capital model as competitive advantage

9th September 2019

Emmanuel Clarke, the President and CEO of reinsurance firm PartnerRe, told us he is optimistic on market conditions, seeing the potential for rates to continue firming into 2020. Clarke also explained to us in a recent interview that he feels PartnerRe’s privately-owned capital model is a true competitive advantage, enabling the ... Read the full article

AM Best upgrades PartnerRe credit ratings

2nd August 2019

AM Best has upgraded the Financial Strength Rating (FSR) of PartnerRe and its subsidiaries from A (Excellent) to A+ (Superior) and Long-Term Issuer Credit Ratings (Long-Term ICR) to aa- from a+. AM Best also has upgraded the Long-Term ICR of PartnerRe and its existing Long-Term Issue Credit Ratings (Long-Term IR) from ... Read the full article

Strong P&C result drives improved combined ratio for PartnerRe in Q2

29th July 2019

Bermudian reinsurer PartnerRe recorded an improved non-life combined ratio of 92.8% for the second-quarter of 2019 as a strong performance in its property and casualty (P&C) segment more than offset a decline in specialty. Overall, PartnerRe's net income increased by $160 million to $285 million in the second-quarter of 2019 when ... Read the full article

PartnerRe names Chris Shanahan as President of U.S Life operations

10th July 2019

Bermudian reinsurance firm PartnerRe Ltd. has announced the appointment of Chris Shanahan as President of its U.S Life operations, effective July 1, 2019. Shanahan joined PartnerRe in May 2018 as Executive Vice President, Corporate Development, North America Life, where he led the development of strategy for PartnerRe’s U.S life reinsurance business. He ... Read the full article

PartnerRe begins wearable tech project with digital health platform dacadoo

16th May 2019

Bermudian reinsurer PartnerRe has announced the launch of its wearable technology pilot project, which it is running in partnership with dacadoo, a digital health engagement platform. The pilot will enable PartnerRe to gather real-time health and wellness data in order to provide its life and health clients with insights into using ... Read the full article

PartnerRe posts Q1 income of $497mn, boosted by P&C results

16th May 2019

Bermudian reinsurer PartnerRe has posted net income of $497 million for the first quarter of 2019, boosted by the strong performance of its property and casualty (P&C) segment, which had a combined ratio of 87.7%. The results represent an improvement on Q1 2018, when PartnerRe posted a net loss of $210 ... Read the full article

PartnerRe strikes second longevity reinsurance deal with Manulife

14th May 2019

Bermudian reinsurer PartnerRe has completed a second deal with The Manufacturers Life Insurance Company (Manulife) to reinsure longevity risk for an in-force block of Canadian individual payout annuities. The announcement follows an earlier transaction with Manulife this year, which saw PartnerRe reinsure the longevity risk of roughly 25,000 annuitants. The new ... Read the full article

Jonathan Colello joins PartnerRe as CEO, P&C Americas

15th April 2019

Bermuda-based reinsurer PartnerRe has announced the appointment of Jonathan Colello as Chief Executive Officer (CEO) for P&C Americas, and President of Partner Reinsurance Company of the U.S. Effective from July 1, 2019, he will report to Emmanuel Clarke, President and CEO of PartnerRe, and will become a member of the company’s ... Read the full article

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

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.