PartnerRe

PartnerRe is a global reinsurance company based in Bermuda that helps insurers manage large risks. In 2024, it earned $1.4 billion in net income from $9.4 billion in reinsurance premiums. 

History of PartnerRe

The firm was founded in 1993 after Hurricane Andrew to offer expert catastrophe reinsurance during a market crisis. It began with $1 billion in capital to help clients manage large and sudden risks.  

The company has since grown into a leading global reinsurer with a wide range of specialties. Other key moments in PartnerRe’s story include: 

• 1997: acquired SAFR and expanded from catastrophe-only to multiline reinsurance
• 1998: bought Winterthur Re and launched PartnerRe US for North American growth 
• 2001: stayed financially strong despite $347 million in 9/11 losses 
• 2005: paid $511 million in claims after Hurricane Katrina hit the US
• 2009: became a top-five reinsurer after acquiring Paris Re 
• 2012: boosted specialty lines with the Presidio acquisition 
• 2016: bought by EXOR, a major investment company in Europe 
• 2017: acquired Aurigen, expanding its life reinsurance in North America
• 2022: Covéa acquired PartnerRe to create a stronger global reinsurance and insurance group 

In 2025, PartnerRe expanded its specialty partnerships by working with Banyan Risk, a managing general agent focused on niche commercial risks. The agreement boosted reinsurance support for D&O and excess casualty insurance lines. 

Reinsurance products and services

PartnerRe works closely with clients across all markets, offering tailored support for risk and growth needs: 

Property and casualty

• property: covers damage to physical assets from natural or man-made events 
• casualty: protects against third-party liability and legal claims for injury or damage 
• catastrophe: offers protection from large-scale natural disasters and extreme loss events 
• cyber: supports businesses against data breaches, cyberattacks, and system failures 
• structured solutions: creates custom capital and risk-sharing structures for complex needs 

Specialty lines

• aviation & space: reinsures aerospace and space-related operational risks 
• agriculture: covers crops, livestock, and weather-related agricultural losses 
• specialty property, engineering & energy downstream: protects high-value industrial and energy assets 
• financial risks: reinsures credit, surety, and political risk exposures 
• marine & upstream energy: supports global shipping, offshore drilling, and marine operations 

Life and health

• US health: helps manage costs and claims for health plans in the US 
• life and health: provides reinsurance for life, critical illness, and medical products globally 

Capital management 

• PartnerRe capital management: offers capital-efficient solutions for clients’ balance sheet needs 

Insurance 

• insurance: works with selected partners to offer primary insurance products in specific markets 

PartnerRe’s wide reinsurance offering supports a range of industries and complex risk types. If a solution isn’t listed, the company encourages a direct conversation to find a fit. 

Culture and core values

PartnerRe focuses on stability, tailored client solutions, strong returns, career growth, and social impact. It follows strong core values as well: 

• integrity: acts with honesty, trust, and a strong sense of fiduciary duty 
• performance: stays focused on long-term results and delivers steady business outcomes 
• collaboration: works as one team, sharing goals across offices and cultures 
• straightforward communication: keeps things clear, open, and respectful in all discussions 
• respect and care: supports others with empathy, fairness, and a shared sense of purpose 

Together, these values guide how the company builds lasting partnerships and a strong internal culture. 

Workplace environment and benefits 

Employees join a driven team with a global reach and a clear purpose. This culture, called The PartnerRe Experience, helps people connect and grow. The staff is provided with: 

• flexible working: remote days allowed on Mondays and Fridays 
• focus on well-being: global “Stay Fit” wellness program 
• modern workplace: offices support quiet and collaborative work 
• career development: training, mobility, and promotion support 
• skills training: learning programs across media and platforms 
• growth opportunities: roles designed to stretch potential 
• professional support: study time and exam cost coverage 

PartnerRe creates a setting where people can advance, build expertise, and contribute to real impact. It supports long-term growth within a strong, expert-driven and inclusive environment. 

Diversity and inclusion 

The company is shaped by its global reach and commitment to equity and inclusion across all roles. It fosters a respectful culture where all identities are welcome and can thrive. Employee-led groups like BBIPOC, PRIDE, and Women@PartnerRe help build a strong sense of belonging. 

The future at PartnerRe

The company is focused on future growth after posting strong earnings and steady premium gains in 2024. Its life and health segment grew nearly 19 percent, adding balance to reinsurance income. With solid returns and smart reinvestment, the firm is positioned for long-term performance. 

PartnerRe joined the Association of British Insurers to strengthen its UK reinsurance presence. The move supports its work in life, health, and specialty lines with global insight. By joining ABI, the firm aims to share knowledge, guide policy, and shape future market growth.