PartnerRe

BI widens lead as most requested cyber coverage: PartnerRe survey

Cyber-related business interruption (BI) has remained the most-requested cyber coverage but extortion/ransom has moved up into the second slot, a PartnerRe survey of cyber brokers and underwriters has revealed.

PartnerRe adds Coates and Hengesbaugh to retro team

PartnerRe has expanded its retrocession team with the double hire of Aaron Coates and Guy Hengesbaugh.

Streaming now on The ReInsurer TV!

As part of our REinsurance Month coverage we are conducting a series of video interviews to get the views of industry leaders on the latest topics and trends in the lead-up to the 1 January renewal.

PartnerRe hit with negative S&P outlook on lacklustre underwriting results

S&P Global Ratings has revised its outlook to negative from stable on PartnerRe’s A+ financial strength rating - the Bermudian reinsurer’s third outlook revision from the ratings agency in five months.

Covéa to put Eur750mn in PartnerRe SPVs

Covéa is to put Eur750mn ($881.3mn) into special purpose reinsurance vehicles managed by PartnerRe, including Eur500mn at 1 January 2021, as part of a Eur1.5bn investment with the reinsurer’s parent Exor.

PartnerRe reports u/w loss as Clarke to be replaced by Bonneau

Exor-owned PartnerRe yesterday revealed a $260mn non-life underwriting loss in the second quarter and a Covid-19 hit of $305mn, as CEO Emmanuel Clarke announced plans to leave the group.

PartnerRe books $320mn Q2 Covid hit as non-life CR climbs to 121.3%

Exor-owned PartnerRe has fallen to a $260mn non-life underwriting loss in the second quarter, as the division suffered $305mn in losses stemming from the pandemic.

PartnerRe names Bonneau CEO as Clarke leaves

PartnerRe has appointed board member and industry veteran Jacques Bonneau as president and CEO to take over from Emmanuel Clarke, who is leaving the Bermudian by “mutual agreement” to pursue other opportunities outside the group.

PartnerRe’s Clarke named new Global Reinsurance Forum head

The Global Reinsurance Forum (GRF) has named PartnerRe CEO Emmanuel Clarke as chairman for a two-year term, succeeding RenaissanceRe’s Kevin O’Donnell, who became chairman in 2018.

PartnerRe names Meyenhofer specialty CEO as Haft heads new global cat unit

PartnerRe has appointed Philippe Meyenhofer CEO of its specialty lines unit while Greg Haft has been named CEO of the reinsurer’s newly formed global catastrophe operation.

PartnerRe promotes Piché to president of Canadian life and health

PartnerRe has promoted André Piché to president of the Canadian division of its growing life and health reinsurance business.

AM Best removes Covéa from under review after PartnerRe deal collapses

Covéa has had its ratings removed from under review with developing implications by AM Best following the collapse of the French mutual’s planned acquisition of the Exor-owned PartnerRe.

PartnerRe confirms Stanley as US casualty head

PartnerRe has confirmed the appointment of Gareth Stanley as head of US casualty, a move first revealed by The Insurer in April.

Exor unlikely to entertain any other offers for PartnerRe: S&P

While revising PartnerRe’s outlook to stable from positive in response to the termination of its $9bn acquisition by Covéa, S&P Global Ratings said it sees a low probability of Exor entertaining other offers for the Bermudian reinsurer.

AM Best takes PartnerRe off review following sale collapse; Fitch turns negative

AM Best has removed PartnerRe from under review with developing implications and affirmed its A+ financial strength rating after its $9bn sale to Covéa fell through, a move that follows Fitch placing its ratings of the reinsurer on negative outlook.

Fitch slaps negative outlook on PartnerRe after Covéa deal falls through

Fitch has removed PartnerRe’s A+ financial strength rating from ratings watch positive and assigned a negative outlook in response to the breakdown of its $9bn acquisition by Covéa.

Exor’s $9bn sale of PartnerRe to Covéa collapses amid Covid-19

The agreed $9bn deal for Covéa to buy PartnerRe has fallen through after the Bermudian reinsurer’s Italian parent Exor said that the French mutual had tried to renegotiate terms.

Covéa in French regulator ACPR’s sights over PartnerRe deal: reports

French financial prudential regulator ACPR has pointed out “deficiencies” in the governance of mutual insurer Covéa and asked its CEO Thierry Derez to rectify the situation by mid-May.

PartnerRe falls to non-life UW loss as adverse development hits specialty

PartnerRe reported a modest $18mn Covid-19 charge in its specialty segment that added to adverse prior-year development of $95mn and pushed the unit’s combined ratio for the first quarter from 116.0 percent to 121.1 percent.