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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...

Bermudian-based global reinsurer PartnerRe Ltd has reported net income available to common shareholders of $285 million for the second quarter of 2019. The figure includes net realised and unrealised investments gains of $164 million on fixed maturit...

Bermudian-based global reinsurer PartnerRe Ltd has reported net income of $497 million for the first quarter of 2019, a vast improvement over the $120 million net loss incurred in the first quarter a year ago. The company, which is owned by Italian i...

A new PartnerRe wearable technology pilot programme, aims to gather real-time health and wellness data to help its life and health clients worldwide. Partner Re launched the pilot today with dacadoo, a Zurich-based company that combines mobile tech...

Jonathan Colello is to join Bermudian-based global reinsurer PartnerRe Ltd as chief executive officer, P&C Americas, and president of Partner Reinsurance Company of the United States. He will report to Emmanuel Clarke, PartnerRe president and CEO, a...

Bermudian-based reinsurer PartnerRe has announced that it has entered into a transaction with The Manufacturers Life Insurance Company (Manulife) to reinsure longevity risk from an in-force block of Canadian group payout annuities. In aggregate, Par...