Reinsurance News
PartnerRe
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
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