PartnerRe overview

PartnerRe Ltd. (PartnerRe) provides reinsurance on a global basis through its wholly owned subsidiaries, including Partner Reinsurance Company Ltd. (PartnerRe Bermuda), Partner Reinsurance Europe plc (PartnerRe Europe) and Partner Reinsurance Company of the U.S. (PartnerRe U.S.).

Its risks reinsured include property, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering, energy, marine, specialty property, specialty casualty, multiline and other lines and mortality, longevity and health. Partner Re also offers alternative risk products, which include weather and credit protection to financial, industrial and service companies on a global basis.

In January 2013, the company acquired Presidio Reinsurance Group. A few months later, in March, the company announced the formation of Lorenz Re Ltd.

In 2019, PartnerRe announced a pilot wearable technology programme among its employees. Devised in partnership with Swiss health technology provider Dacadoo, PartnerRe employees from its Paris and Zurich offices will participate in a six-month programme designed to assess the efficacy of wearables and wellness platforms in changing people’s behaviour with regard to health.

Later in 2019, in October, PartnerRe partnered with Verisk to improve its underwriting via voice-based analytics. Verisk's solutions will help identify potential tobacco users and those with risky hobbies (such as skydiving) amongst life insurance participants.

For the year ended December 31, 2019, total revenues were $7.9 billion.

In February 2020 it was revealed that Covea Group was in talks to acquire PartnerRe in a deal worth $9bn. The acquisition was confirmed the following month. The move gives Covea access to a multinational customer base, and ends a two year search for an appropriate reinsurance acquisition.

At June 30, 2020, total assets were $25.2 billion, and total capital was $8.3 billion.

In October 2020, life insurtech Ladder partnered with reinsurer PartnerRe.

In January 2021 PartnerRe launched DUET Edge, a digital underwriting solution for life insurers. Through the solution, medical underwriting and vocational, sports and international travel risks are all processed through an interactive digital path, and seamlessly linked to predictive algorithms.

The company reported $9.2bn total capital as of June 30, 2021.

Map showing the location of PartnerRe

Hamilton, Bermuda

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Key people

Costas Miranthis CEO
Scott Altstadt Chief Group Actuary & Chief Underwriting Officer
Joyce Davis Assistant Vice President
Nikhil Srinivasan Chief Investment Officer
Jacques Bonneau President and CEO