PartnerRe
-
The carrier has recently gained sidecar investment by Covea and private equity firm Olympus Partners. -
The retro and specialty vehicle launch comes as PartnerRe expands in retro and ILS.
-
The transaction is a bearish signal for the post-Covid cat reinsurance market.
-
The new chief joins from Hiscox ILS with a mandate to expand the reinsurer’s third-party capital platform.
-
Nicholas Hughes will become retro head, while Guy Hengesbaugh and Aaron Coates join as underwriters.
-
The tie-up is part of a EUR1.5bn investment deal between the French mutual and Exor
-
Philippe Meyenhofer is named CEO of specialty at the Bermuda reinsurer.
-
This comes after Exor said the firm was not for sale.
-
The statements come after an outline agreement, signed by Covea 10 weeks ago, collapsed this week.
-
Plummeting global markets have reduced the value of the carrier’s investments, results show.
-
French insurer is reportedly confident despite stock prices having plummeted since the takeover was agreed.
-
