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Reinsurance News


PartnerRe acquires assets of Claims Analytics

7th June 2018

Bermuda-domiciled reinsurer PartnerRe has acquired the assets of Claim Analytics, a Canadian-headquartered provider of insurance-based analytics solutions founded in 2001. It's expected that Claim Analytics' staff will join an existing PartnerRe analytics team currently working out of its Toronto offices, and will continue to do business as PartnerRe Analytics. PartnerRe hopes the ... Read the full article

PartnerRe names Chris Shanahan EVP, Corporate Development, US Life

16th April 2018

Bermuda domiciled reinsurer PartnerRe has announced the appointment of Chris Shanahan as Executive Vice President (EVP), Corporate Development, US Life, effective May 2018. Operating within the company's Life business unit, Shanahan will report to Alan Ryder, PartnerRe's Chief Executive Officer (CEO) of North America Life. In his new role, he will be ... Read the full article

PartnerRe names Schriber as Head of Structured Risk for North America P&C

20th March 2018

PartnerRe has named Jonathan Schriber, who joins from W.R. Berkley Corporation, as Head of Structured Risk for North America Property & Casualty. In his Stamford office based role, Schriber will report to Dick Sanford, Head of North America P&C and President of PartnerRe U.S. Schriber brings 24 years of reinsurance experience and ... Read the full article

PartnerRe to transfer Upstream Energy insurance portfolio to Ark Syndicate

8th March 2018

PartnerRe has announced a collaboration with Ark Syndicate Management Limited (ASML) that sees the reinsurer's Upstream Energy insurance portfolio transfer to ASML Syndicate NOA 3902. The new, strategic agreement relates to applicable policies incepting and written on or after January 1st, 2018, alongside renewal rights for policies renewing subsequent to that ... Read the full article

PartnerRe grows book at 1/1 after delivering positive 2017 returns

22nd February 2018

Reinsurance firm PartnerRe saw double-digit growth in its non-life book at the January 2018 renewals in the wake of a year characterised by catastrophe losses, but one in which the company delivered a positive return to its shareholders. The EXOR owned reinsurer from Bermuda, PartnerRe reported net income of $72 million ... Read the full article

PartnerRe and Farmers Edge team up to close agricultural insurance gap

13th February 2018

Global reinsurance firm PartnerRe has teamed up with agricultural technology and decision software specialists Farmers Edge in a multi-year partnership that aims to help insurers to close the agricultural insurance gap across all continents. The four-year agreement brings together precision farming technology and agricultural insurance in a deal that the pair ... Read the full article

PartnerRe and PIC enter £725mn longevity reinsurance deal

22nd January 2018

Specialist pension funds insurer Pension Insurance Corporation (PIC) has announced a £725 million longevity reinsurance agreement with Bermudian reinsurer, PartnerRe. The deal covers the longevity risk acquired when PIC insured the Dockworkers Pension Fund in a full buy-in, in November last year. Kevin O’Regan, Head of Longevity and Portfolio Reinsurance at PartnerRe, ... Read the full article

PartnerRe announces new leaders of P&C and Specialty Lines

4th January 2018

Bermuda-based reinsurer PartnerRe has announced new divisional leaders as a result of the retirement of Tad Walker, previously Chief Executive Officer (CEO) of Property & Casualty (P&C). Following the retirement of Walker, Charles Goldie, formerly CEO of Specialty Lines at PartnerRe, has been named as the new CEO of Property & ... Read the full article

IranianRe in negotiations with SCOR, PartnerRe & Nasco Insurance

13th December 2017

IranianRe leadership has met key executives at SCOR, PartnerRe, and Nasco Insurance Group to negotiate potential partnerships, as Iran's biggest reinsurer follows a strategy of transferring risk to foreign reinsurers, according to the Financial Tribune. IranianRe Chief Executive Officer (CEO) and Deputy Chairman of the Board, Seyyed Mohammad Asoudeh, said ... Read the full article

PartnerRe seeks license to write reinsurance onshore in China

21st November 2017

Bermuda-headquartered reinsurance firm PartnerRe is looking to gain more seamless access to business from China, as it seeks a license to underwrite reinsurance onshore in the country. <PartnerRe has been underwriting reinsurance in China, as an offshore reinsurer, for more than 25 years. But the firm recently sent its U.S. arm, ... Read the full article

PartnerRe hires Chief Risk and Actuarial Officer Turab Hussain from The Hartford

8th November 2017

Reinsurer PartnerRe has announced the hiring of a new Chief Risk and Actuarial Officer, appointing Turab Hussain to the role effective December 4th 2017. Hussain joins PartnerRe from The Hartford Financial Services Group, where he has served as Chief Insurance Risk Officer since 2014. He will replace Marvin Pestcoe when he ... Read the full article

Chevrel joins VIG Re from PartnerRe to lead Western Europe team

17th October 2017

Patrick Chevrel is to join reinsurer VIG Re from Bermuda's PartnerRe to lead a newly established underwriting team for Western Europe, reporting to Chief Executive Officer (CEO) of the Czech Republic domiciled reinsurer, Johannes Martin Hartmann. Chevrel will lead the new business unit, and have responsibility for developing the firm's business with ... Read the full article

PartnerRe estimates $475m of net hurricane losses

5th October 2017

Reinsurance firm PartnerRe has estimated a combined net impact from its exposure to hurricanes Harvey, Irma and Maria of $475 million. The loss expectation will be announced today at the 2017 EXOR Investor Day. The estimated impact from third-quarter hurricanes is pre-tax, net of retrocessional reinsurance and any reinstatement premiums, the company ... Read the full article

PartnerRe enters into agreement with FinTech RemitRadar

21st September 2017

Reinsurer PartnerRe has entered into a new joint agreement with RemitRadar to develop digital insurance solutions and provide PartnerRe's clients with access to innovative distribution channels. The new partnership aims to utilise the opportunity to adopt RemitRadar's online channels, as well as its social media channels and artificial technology (AI) to ... Read the full article

PartnerRe names Jerome Matrundola as Asia-Pacific CEO of Life & Health

6th September 2017

PartnerRe has named Jerome Matrundola as CEO of Life & Health, Asia-Pacific, to lead PartnerRe’s Life and Health business operations in that region effective September 11, 2017. Matrundola will work closely with PartnerRe's existing teams in Singpore and Zurich to grow the firm's life and health Asia-Pacific reinsurance market. PartnerRe said his appointment ... Read the full article

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