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PartnerRe Ltd has raised $200 million through the issue of eight million 4.875 per cent preferred shares. The Bermudian-based re/insurer said 4.875 per cent fixed rate non-cumulative redeemable preferred shares, Series J have a liquidation value of ...

PartnerRe’s full-year net income fell to $206 million for 2020, as the company incurred net losses of $397 million related to Covid-19. The profit fell from $890 million in 2019, after what chief executive officer Jacques Bonneau described as a year ...

Bermudian-based PartnerRe Ltd has appointed Hermann Pohlchristoph to its board an independent director. The company said Mr Pohlchristoph has held multiple executive roles, most recently at Munich Re as a member of the board of management from 2017 u...

PartnerRe has appointed Nicholas Hughes to the newly created role of head of retrocession, and made two hires to further expand its retrocession team. Mr Hughes, who joined the company in 2008, was head of global catastrophe, which included responsib...

Emmanuel Clarke is to leave PartnerRe, where he has been chief executive officer for the past four years. Experienced industry figure Jacques Bonneau took over as CEO, effective yesterday, the reinsurer said. PartnerRe said Mr Clarke “is leaving the...

A deal to sell a Bermudian-based reinsurer to a French mutual insurance group has been called off. A $9 billion cash agreement to sell PartnerRe to Paris-based Covéa was reached in March, but the French firm said that due to the “significant uncertai...

PartnerRe is to be sold to French insurer Covéa for about $9 billion in cash. The Bermudian reinsurer’s parent company Exor signed a memorandum of understanding to sell its 100 per cent stake in PartnerRe to Covéa. The agreement will become binding a...

PartnerRe Ltd has reported an $108 million loss for the fourth quarter, compared with a loss of $32 million for the same period in 2018. The loss includes net realised and unrealised investment losses of $50 million on fixed maturities and short-term...

Discussions about the possible sale of PartnerRe have been confirmed by the company that owns the Bermudian-based reinsurer. Exor, the Italian investment firm controlled by the Agnelli family that paid about $6.9 billion for PartnerRe in 2016, in a s...

PartnerRe may be up for sale, according to a report that cites a London banking source. The Bermudian-based reinsurer was bought four years ago by Exor, the Italian investment firm controlled by the Agnelli family. Exor paid around $6.9 billion to bu...

PartnerRe Ltd made a profit of $216 million in the third quarter, compared to a loss of $106 million for the same period last year. The Bermudian-based reinsurer reported net realised and unrealised investments gains of $41 million on fixed maturitie...

Bermudian-based reinsurer PartnerRe Ltd has announced changes to its executive leadership team. Chief financial officer Mario Bonaccorso is set to retire from the company, Nicolas Burnet is to replace Mr Bonaccorso, and Andrew Gibbs is to join in the...