Reinsurance News
PartnerRe
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
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