Date of report (Date of earliest event reported): January 25, 2012
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PartnerRe Ltd.
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(Exact Name of Registrant
as Specified in Charter)
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Bermuda
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(State or Other Jurisdiction of Incorporation)
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001-14536
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Not Applicable
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(Commission File Number)
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(IRS Employer Identification No.)
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Wellesley House, 90 Pitts Bay Road, Pembroke, Bermuda
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HM 08
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s telephone number, including area code: (441) 292-0888
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____________________________
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o
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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o
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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o
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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o
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Exhibit No. | Description | |
99.1
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Press Release of PartnerRe Ltd., dated January 25, 2012
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PartnerRe Ltd.
(Registrant)
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Date:
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January 31, 2012
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By:
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/s/ Amanda E. Sodergren
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Name:
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Amanda E. Sodergren
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Title:
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Chief Legal Counsel
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Exhibit No. | Description | |
99.1
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Press Release of PartnerRe Ltd., dated January 25, 2012
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News Release
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PartnerRe Ltd.
Wellesley House South
90 Pitts Bay Road
Pembroke, Bermuda HM 08
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Telephone +1 441 292 0888
Fax +1 441 292 6080
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News Release
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PartnerRe January 1, 2012 Non-Life Treaty Renewal
(amounts are in U.S. $ millions and are on a constant foreign exchange basis)
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North America
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Global (Non-U.S.) P&C
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Global (Non-U.S.) Specialty
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Catastrophe
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PartnerRe
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|||||||
Renewable
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$ 345
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$ 541
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$ 689
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$ 301
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$1,876
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||||||
In Process / Extensions
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-
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-
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8
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-
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8
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||||||
Renewable Base
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345
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541
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681
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301
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1,868
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||||||
Non-Renewed
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(50
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) |
(58
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) |
(17
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) |
(46
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) |
(171
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) | |
Renewed
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295
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483
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664
|
255
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1,697
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||||||
Renewal Changes/New Business
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40
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103
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64
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1
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208
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||||||
Total Estimated Premium
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335
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586
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728
|
256
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1,905
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||||||
In Process / Potential New
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-
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3
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10
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-
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13
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||||||
Total Potential
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$ 335
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$ 589
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$ 738
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$256
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$1,918
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||||||
Growth %
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(3%
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) |
9%
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7%
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(15%
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) |
2%
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Distribution of Gross Non-Life Underwriting Risk Capital Deployed in January 1 Renewals
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|||
2010
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2011
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2012
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Casualty
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6%
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7%
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9%
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Property
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21%
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22%
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26%
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Specialty Lines
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21%
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21%
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25%
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Catastrophe
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50%
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48%
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36%
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Motor
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2%
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2%
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4%
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Total
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100%
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100%
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100%
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NOTE: This table shows gross Non-Life underwriting risk capital deployed at January 1 and does not include capital to support other risks, such as reserving risk resulting from prior underwriting activity and asset risk. A new method for calculating underwriting risk capital deployed was implemented for 2012, and prior year numbers were recalculated to the current basis. The percentages shown here are not necessarily indicative of full year trends.
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PartnerRe Ltd.
Wellesley House South
90 Pitts Bay Road
Pembroke, Bermuda HM 08
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Telephone +1 441 292 0888
Fax +1 441 292 6080
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News Release
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Contacts:
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PartnerRe Ltd.
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Sard Verbinnen
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(441) 292-0888
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(212) 687-8080
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Investor Contact: Robin Sidders
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Drew Brown/Briana Kelly
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Media Contact: Celia Powell
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PartnerRe Ltd.
Wellesley House South
90 Pitts Bay Road
Pembroke, Bermuda HM 08
|
Telephone +1 441 292 0888
Fax +1 441 292 6080
|