Treaty Reinsurance

PartnerRe CEO Emmanuel Clarke avowed that “continuity prevails” in describing how the global reinsurer will maintain its autonomy and business strategy despite a change in ownership.

Premiums more than double, while the unit's net loss shrinks from the prior-year period.

London will set global strategy and serve as the core specialty hub.

The figure includes losses associated with the cancellation of the Tokyo Olympics.

Alberto Marcano takes over from Andrew Dickson, who has become head of surety at Hudson.

Combined reinsurance revenues would reach $2.3bn, outstripping Guy Carpenter.

The Brazilian reinsurer's ratings were placed under review with negative implications after the sudden departure of its CFO and CEO.

Munich Re's move to pull back capacity to Hippo comes as reinsurers are looking more cautiously at InsurTechs.

PartnerRe's union with Covea gave it access to primary risk, leaving the reinsurer better placed, but the two must still address cultural challenges and the issues PartnerRe has faced in recent years.

The former JLT Re chairman rejoins old colleagues including Keith Harrison, who is now Lockton Re International CEO.

Shares in the Bermuda carrier closed down 17.5 percent.

Sirius parent CMIG blocked a rights issuance by the subsidiary that would have diluted CMIG’s ownership stake, calling Sirius' independence and financial stability into question.