Reinsurance News


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

Gemma Carreiro joins Hamilton Insurance Group from PartnerRe

31st August 2017

Hamilton Insurance Group has announced the appointment of Gemma Carreiro from PartnerRe as Group General Counsel and Corporate Secretary, based in Bermuda and reporting to the Group Chief Executive Officer (CEO). Carreiro will assume responsibility for the firm's legal, regulatory and governance functions, and will also serve on Hamilton's Executive Committee. The ... Read the full article

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