Associated tags: Insurance, P&C, Life, Professional Services, Finance, National Organization of Life and Health Insurance Guaranty Associations, Health
Locations: BERMUDA, CARIBBEAN, CANADA, LATIN AMERICA, US
Professional Services,
Insurance,
Finance,
ETA,
Health,
Government,
Growth,
Corporate tax,
Life,
History,
CIT,
Investment,
Retirement,
P&C,
Life insurance Net investment income increased by $247 million to $646 million
Key Points:
- Net investment income increased by $247 million to $646 million
On December 27, 2023, the Government of Bermuda enacted the Corporate Income Tax Act 2023 ("CIT Act"), which will apply a 15% corporate income tax to certain Bermuda businesses in fiscal years beginning on or after January 1, 2025.
- Looking toward the future, PartnerRe remains committed to its core values and strategic priorities to bring value to our clients, capital partners and shareholders.
- With my retirement announced to take effect at the end of March 2024, it has been a privilege for me to work alongside the talented individuals here at PartnerRe.
- I am confident we have the right leadership to continue leading the company forward in all facets of our business."
Retrieved on:
Thursday, February 15, 2024
PartnerRe Ltd. (“the Company”) announced that its Board of Directors has declared a dividend for the period December 15, 2023 – March 14, 2024 of $0.3046875 per share on the Company’s 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J.
Key Points:
- PartnerRe Ltd. (“the Company”) announced that its Board of Directors has declared a dividend for the period December 15, 2023 – March 14, 2024 of $0.3046875 per share on the Company’s 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J.
- The dividend is payable on March 15, 2024 to shareholders of record on February 29, 2024.
- PartnerRe Ltd. is a leading global reinsurer that helps insurance companies reduce their earnings volatility, strengthen their capital and grow their businesses through reinsurance solutions.
- At June 30, 2023, total assets were $30.2 billion, total capital was $9.0 billion and total shareholders’ equity was $7.1 billion.
As part of the transition, Jon Colello, CEO, P&C Americas, assumes the added role of President of PartnerRe Ltd., with executive responsibility for all Non-Life Underwriting, reporting to Philippe.
Key Points:
- As part of the transition, Jon Colello, CEO, P&C Americas, assumes the added role of President of PartnerRe Ltd., with executive responsibility for all Non-Life Underwriting, reporting to Philippe.
- During the interim period, Jacques will delegate most of his duties to Philippe and Jon to ensure a smooth transition.
- Mr. Meyenhofer joined PartnerRe in 2010 and has held positions of increasing leadership since that time, most recently as a member of the Executive Leadership Team and CEO, Specialty Lines.
- He was appointed to Head of Specialty Casualty PartnerRe Global in 2013, to Head of Europe P&C in 2016, and gained the additional responsibility of Deputy CEO P&C in 2018.
Retrieved on:
Wednesday, November 8, 2023
PartnerRe Ltd. (“the Company”) announced that its Board of Directors has declared a dividend for the period September 15, 2023 – December 14, 2023 of $0.3046875 per share on the Company’s 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J.
Key Points:
- PartnerRe Ltd. (“the Company”) announced that its Board of Directors has declared a dividend for the period September 15, 2023 – December 14, 2023 of $0.3046875 per share on the Company’s 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J.
- The dividend is payable on December 15, 2023 to shareholders of record on November 30, 2023.
- PartnerRe Ltd. is a leading global reinsurer that helps insurance companies reduce their earnings volatility, strengthen their capital and grow their businesses through reinsurance solutions.
- At June 30, 2023, total assets were $30.2 billion, total capital was $9.0 billion and total shareholders’ equity was $7.1 billion.
Retrieved on:
Tuesday, November 7, 2023
Professional Services,
Insurance,
Finance,
Risk,
P&C,
Aon,
International,
Willis Towers Watson,
Life,
National Organization of Life and Health Insurance Guaranty Associations,
AXA,
Head,
Partner,
Benfield,
CFO,
Management,
Health Joining the Board are Emmanuel Dubreuil and François Bucchini, effective November 7, 2023.
Key Points:
- Joining the Board are Emmanuel Dubreuil and François Bucchini, effective November 7, 2023.
- Mr. Dubreuil and Mr. Bucchini replace Sylvestre Frézal and Thierry Francq.
- Mr. Dubreuil is Head of Insurance and Reinsurance Initiatives at Covéa.
- Commenting on the appointments, PartnerRe Board Chairman, Thierry Derez said, “On behalf of the Board, Jacques Bonneau and I would like to thank Sylvestre and Thierry for their contributions during their time on the PartnerRe Board.
Retrieved on:
Wednesday, August 2, 2023
PartnerRe Ltd. (“the Company”) announced that its Board of Directors has declared a dividend for the period June 15, 2023 – September 14, 2023 of $0.3046875 per share on the Company’s 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J.
Key Points:
- PartnerRe Ltd. (“the Company”) announced that its Board of Directors has declared a dividend for the period June 15, 2023 – September 14, 2023 of $0.3046875 per share on the Company’s 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J.
- The dividend is payable on September 15, 2023 to shareholders of record on August 31, 2023.
- PartnerRe Ltd. is a leading global reinsurer that helps insurance companies reduce their earnings volatility, strengthen their capital and grow their businesses through reinsurance solutions.
- At December 31, 2022, total assets were $27.3 billion, total capital was $8.1 billion and total shareholders’ equity was $6.3 billion.
Professional Services,
Insurance,
Business,
Finance,
Growth,
P&C,
National Organization of Life and Health Insurance Guaranty Associations,
Life insurance,
Specialty,
Life,
Health PartnerRe Ltd. ("the Company") today reported first half 2023 results.
Key Points:
- PartnerRe Ltd. ("the Company") today reported first half 2023 results.
- Our operating income of $636 million for the first half of 2023 continued its growth trend, up 24% compared to the first half of 2022.
- The contribution from the Life and Health business continues to be a positive source of earnings to the group as premium volume grows.
- Please click here to access the PartnerRe News page for the full release.
PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period March 15, 2023 – June 14, 2023 of $0.3046875 per share on the Company’s 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J.
Key Points:
- PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period March 15, 2023 – June 14, 2023 of $0.3046875 per share on the Company’s 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J.
- The dividend is payable on June 15, 2023 to shareholders of record on May 31, 2023.
- PartnerRe Ltd. is a leading global reinsurer that helps insurance companies reduce their earnings volatility, strengthen their capital and grow their businesses through reinsurance solutions.
- At December 31, 2022, total assets were $27.3 billion, total capital was $8.1 billion and total shareholders’ equity was $6.3 billion.
AM Best,
Partnership,
Wildfire,
Policy,
P&C,
Appetite,
SIR,
Disaster,
California Fair Employment and Housing Act of 1959,
Data analysis,
Climate change,
Risk,
Algorithm,
Superior,
Self-insurance,
Weather,
Environment,
Home insurance,
Reinsurance,
Kettle This product is written in partnership with AM Best, A+ (Superior) rated PartnerRe Insurance Solutions Bermuda Ltd. who is providing excess wildfire coverage.
Key Points:
- This product is written in partnership with AM Best, A+ (Superior) rated PartnerRe Insurance Solutions Bermuda Ltd. who is providing excess wildfire coverage.
- Amwins' excess wildfire product is available in California only and to Amwins appointed retail partners exclusively.
- This single-peril product is specific to wildfire loss, providing up to $7 million excess wildfire coverage for residential dwellings with replacement costs of up to $20 million.
- Over the past decade, California has experienced a series of devastating wildfire losses that have particularly impacted high-value residential properties, creating a perfect storm of vulnerability.
Operating income was $370 million for the fourth quarter of 2022, compared to operating income of $300 million for the same period of 2021.
Key Points:
- Operating income was $370 million for the fourth quarter of 2022, compared to operating income of $300 million for the same period of 2021.
- Operating income for the full year 2022 was $809 million compared to an operating income of $545 million for the same period of 2021, an increase of 48%.
- Operating income for the fourth quarter and the full year 2022 improved over the same periods of 2021 as a result of improvements in the underwriting results.
- PartnerRe President and Chief Executive Officer Jacques Bonneau commented, "Our operating performance for the fourth quarter of 2022 was excellent, with operating income of $370 million.
