PartnerRe

Covéa and Exor back in talks for PartnerRe: reports

French mutual insurer Covéa and the Agnelli family-led investment firm Exor have reportedly restarted sales talks for PartnerRe, after a $9bn deal for the Bermudian was shelved last year.

PartnerRe recruits Aspen Re’s LatAm head Costa

PartnerRe has hired Aspen Re’s head of Latin America Rafael Costa to serve in a new property and casualty treaty reinsurance underwriting role, The Insurer has learned.

PartnerRe adds ex-Aspen exec Glaser

PartnerRe has made another addition to its global clients and broker management team with the hire of former Marsh McLennan and Aspen executive Robert Glaser.

PartnerRe hires Aspen’s Sowa to lead NA broker management

PartnerRe has bolstered its broker management team with the hire of Mike Sowa, who has left Aspen Insurance Group after 17 years at the Bermuda-headquartered (re)insurer.

PartnerRe combined ratio improves 32.7 points to 88.6% in Q2

PartnerRe has swung back to operating income after last year’s Covid-19-impacted Q2, with the Bermudian reinsurer reporting a 32.7 percent improvement in its non-life combined ratio to 88.6 percent in 2021’s second quarter.

PartnerRe adds Credit Suisse chair Horta-Osório to board

PartnerRe has added Credit Suisse chairman António Horta-Osório to its board as an independent director.

PartnerRe swings to Q1 non-life underwriting profit despite $104mn Uri hit

PartnerRe swung to a non-life underwriting profit of $40mn in the first quarter of 2021 despite the company suffering $104mn of losses from Winter Storm Uri.

Exor: Covéa’s revised offer did not reflect PartnerRe’s true value

Exor decided not to go ahead with the sale of PartnerRe last year because the revised offer from Covéa did not fully value the reinsurer and its “bright prospects”, which have since been enhanced by an improving reinsurance pricing environment, said the investment holding company.

PartnerRe looks to raise additional $200mn with preferred issue

Bermudian reinsurer PartnerRe is looking to raise another $200mn through the issuance of fixed rate non-cumulative perpetual preferred shares.

PartnerRe names McEvoy as head of global cyber risk

PartnerRe has promoted financial and professional lines senior underwriter Christopher McEvoy to head of global cyber risk for Europe, Middle East and Africa.

PartnerRe promotes Bishop to head of specialty cat

PartnerRe has appointed the long-serving Olivia Bishop as head of specialty catastrophe, weeks after the platform launched a new retro and specialty platform.

PartnerRe Q4 non-life CR narrows 15.2 points as cat losses drop

PartnerRe’s Q4 2020 non-life combined ratio fell by 15.2 points year on year to 98.6 percent as the company benefited from a significant reduction in catastrophe losses compared with Q4 2019.

PartnerRe’s third-party capital head Castella exits for Scor

Scor has hired PartnerRe’s third-party capital head Hervé Castella, The Insurer can reveal.

Willis Re names PartnerRe’s Büker as head of Lloyd’s capital

Willis Re has appointed former PartnerRe executive Michel Büker to the dual role of head of Lloyd’s capital at Willis Re Specialty and head of production, customised solutions for Europe, Middle East and Africa.

PartnerRe adds Pohlchristoph to board of directors

Bermuda-based reinsurer PartnerRe has added Hermann Pohlchristoph to its board of directors.

Former PartnerRe CEO Clarke named chair of French insurtech Wakam

Paris-headquartered Wakam – previously known as La Parisienne Assurances – has named former PartnerRe chief executive Emmanuel Clarke as chair as it gears up to double in size by expanding to new countries and launching new products.

PartnerRe launches retro sidecar backed by Olympus

Bermuda-based PartnerRe has launched a new retrocession and specialty reinsurance vehicle called Laplace-C, with investment from private equity firm Olympus Partners.

Third quarter cats drive non-life UW loss at PartnerRe

PartnerRe highlighted a strong balance sheet bolstered by recent capital raises to take advantage of the hardening reinsurance market as it reported third quarter non-life results that were significantly impacted by cat losses as well as reduced net premium volumes as it looked to shift its portfolio in 2020.

Aon launches new global cat facility Marilla with Swiss Re, Partner Re commitment

Aon’s new global cat reinsurance facility has secured initial support from Swiss Re and PartnerRe and will look to add further traditional and alternative capital participation as the broker secures additional capacity for clients in a tightening market, The Insurer understands.