Reinsurance News

PartnerRe

PartnerRe offloads New York unit

17th August 2017

According to SEC filings from both companies, reinsurance firm PartnerRe is to sell its PartnerRe Insurance Company of New York entity to workers compensation specialists Employers Group, Inc. The unit is being sold to Nevada-headquartered Employers Group for a purchase price equal to the statutory capital and surplus of PartnerRe Insurance ... Read the full article

PartnerRe appoints ex Google director to Chief Corporate & People Operations Officer

14th July 2017

PartnerRe has appointed a former Google People Operations Director to Chief Corporate and People Operations Officer, effective from October 2, 2017. In her new role as a member of PartnerRe's executive management team, Dorothee Burkel will assume responsibility for Human Resources, Communications, Legal and Internal Audit. Burkel has led international and decentralized teams in ... Read the full article

PartnerRe announces retirement of Tad Walker and Marvin Pestcoe

29th June 2017

Two senior and longstanding executives from reinsurer PartnerRe are to retire the company announced, with Tad Walker, CEO Property & Casualty and Marvin Pestcoe, Chief Risk and Actuarial Officer, both leaving at the end of Q1 2018. PartnerRe, the Bermudian reinsurance firm owned by the Agnelli family-owned EXOR investment group, is ... Read the full article

PartnerRe completes acquisition of life reinsurer Aurigen

4th April 2017

PartnerRe has announced the completion of its acquisition of life reinsurance company, Aurigen Capital Limited. Aurigen’s core business has been the reinsurance of life insurance policies of North American residents, and since 2013, mortality risk solutions in the U.S. Aurigen is a top-five life reinsurer in Canada based on recurring new reinsurance ... Read the full article

PartnerRe hires Cabrera from Aon Benfield to head up Latin America

3rd March 2017

Reinsurance firm PartnerRe has hired Humberto Cabrera, coming from broker Aon Benfield, to the role of Head of Latin America, where he will lead the reinsurers business operations in that region. Cabrera will replace PartnerRe's Interim Head of Latin America, Salvatore Orlando, who will continue in his role as Head of ... Read the full article

PartnerRe investment loss triggered by U.S. risk-free rate change

22nd February 2017

PartnerRe, the reinsurance firm acquired by the Italian conglomerate EXOR, reported a fourth-quarter net loss as it suffered significant investment losses on fixed income securities following on from the increase in U.S. risk-free rates. The increase in risk-free rates was expected to negatively impact some reinsurers in late 2016, although to ... Read the full article