All Highlights
Extraordinary General Meeting on December 7, 2009
To vote upon the contemplated absorption merger of the Company with PartnerRe Holdings II Switzerland GmbH (the “Merger Sub”), a direct wholly-owned subsidiary of PartnerRe Ltd. (“PartnerRe”).
Click to access the documentation related to the Shareholders’ Meeting.
2009 Third Quarter and First Nine Months Results
PARIS RE Holdings Limited announced that the Company generated a net operating income of US $47.1 million, or US $0.56 per share, for the third quarter ended September 30, 2009, compared to a net operating loss of US $(53.7) million in the third quarter of 2008.
Net operating income for the first nine months of 2009 was US $167.5 million, or US $2.02 per share, an increase of 72.9% from US $96.9 million for the first nine months of 2008.
For more information, please refer to the related press release in the Press Releases page of this website.
Click to download the Results Presentation and the Consolidated Financial Statements at 30 September 2009.
Publication of Corporate Fact Sheets
PARIS RE is pleased to announce the publication of its new Corporate Fact Sheet regarding the merger with PartnerRe.
You can download the relevant documentation from the Corporate Fact Sheets page.
Successful closing of block purchase of PARIS RE shares bringing total ownership of PartnerRe to 83%
PartnerRe announced that as of the close of business on October 2, 2009, it had acquired in the block purchase approximately 71% of the outstanding PARIS RE shares, with an additional 6% of the outstanding PARIS RE shares settling in the following days. Including the previously acquired 6% of outstanding PARIS RE shares, PartnerRe’s total shareholding of PARIS RE is 83%.
The amended structure of the transaction does not change the companies’ stated approach to all renewals prior to January 1, 2010, for which PartnerRe and PARIS RE will renew their portfolios separately, and with the underwriting approach customary for each company.
Publication of Corporate Fact Sheets
PARIS RE is pleased to announce the publication of its First Half 2009 and Agricultural Covers Corporate Fact Sheet .
You can download the relevant documentation from the Corporate Fact Sheets page.
2009 First Half Results
PARIS RE Holdings Limited announces the publication of its 2009 Second Quarter and First Half Results and of its 2009 First Half Financial Report. Click to download the results presentation , the Consolidated Financial Statements at 30 June or the 2009 First Half Financial Report .
PARIS RE Holdings Limited to hold Extraordinary General Meeting on August 11, 2009
PARIS RE Holdings Limited announces that an Extraordinary General Meeting of its shareholders will be held on August 11, 2009 at 2:00pm (CET).
PARIS RE Holdings Ltd. enters into a combination agreement with PartnerRe
PARIS RE Holdings Limited announces that its Board of Directors has approved a combination agreement with PartnerRe a global multi-line re-insurer, according to which PartnerRe intends to acquire in a multi-step transaction all the outstanding securities of PARIS RE.
A slide presentation providing additional information, including pro forma business overview of the combined entity can be downloaded at this link.
2008 Annual Report
PARIS RE Holdings Limited has published its 2008 Annual Report. This document may be accessed from the Publication page of the Investor Relations section of the Company's website. To order a printed copy please write to investor.relations@paris-re.com.
PARIS RE Holdings Limited to hold Annual General Meeting of the Shareholders on June 23, 2009
PARIS RE Holdings Limited announces that the Annual General Meeting of its shareholders will be held on June 23, 2009 at 2.00 pm (CET) at Casino Zug, Artherstrasse 2-4, CH-6300 Zug, Switzerland.
2009 First Quarter Consolidated Financial Statements
PARIS RE Holdings Limited published its Consolidated Financial Statements at 31 March 2009. This document may be accessed from the Financial Statements page of the Publications section.
2009 First Quarter Results
PARIS RE Holdings Limited held a conference call and webcast to discuss its 2009 First Quarter results on Wednesday 13 May 2009.
The Conference presentation and a replay of the webcast may be accessed from the Results page of the Presentations & Webcasts section.
PARIS RE Holdings Limited announces the publication of its 2008 Registration document
PARIS RE Holdings Limited announces the publication of its 2008 Registration document that was filed under the number R.09-036 with the French Financial Market Authority ("AMF") on April 29, 2009
PARIS RE participates in Cheuvreux Reinsurance Roundtable
On 14 May 2009, PARIS RE participates in the Cheuvreux Reinsurance Roudtable which topic is : "Are the current prices for the transfer of risk adequate?"
PARIS RE participates in HSBC Small- and Mid-Cap conference
On 4 April 2009, PARIS RE participated in the HSBC Small- and Mid-Cap conference held in Paris.
To download the conference presentation, go to the Conferences & Roadshows page of the Investor Relations section.
2008 Fourth Quarter and Full Year Results
PARIS RE Holdings Limited held a conference call and webcast to discuss its 2008 Fourth Quarter and Full Year results on Monday 16 March 2009.
The conference presentation and a replay of the webcast may be accessed from the Results page of the Presentations & Webcasts section.
Extraordinary General Meeting of Shareholders
PARIS RE Holdings Limited announces that at the Extraordinary General Meeting held on February 24, 2009, its shareholders approved all the proposals of the Board of Directors, including a distribution of capital of CHF172.87 million or CHF2.02 per share.
Please note the following important dates:
| Record Date | 4 May 2009 |
| Ex-Date | 5 May 2009 |
| Scheduled Payment Date | 5 May 2009 |
For more complete details, see the related press release in the Press section of this website.
PARIS RE participates in Cheuvreux Insurance Day conference
On 13 January 2009, PARIS RE participated in the Cheuvreux Insurance Day conference held in Paris.
To download the conference presentation, go to the Conferences & Roadshows page of the Investor Relations section.
Publication of New Corporate Fact Sheets
PARIS RE is pleased to announce the publication of two new corporate fact sheets.
To read an overview of our reinsurance operations and weather risk management capabilities, download the relevant documentation from the Corporate Fact Sheets page.
2008 Third Quarter and First Nine Months Results
PARIS RE Holdings Limited held a webcast and conference call on Thursday, 13 November 2008 to discuss its financial results for the third quarter and first nine months of 2008.
The conference presentation and a replay of the webcast may be accessed from the Results page of the Presentations & Webcasts section.
The Consolidated financial statements at 30 September 2008 are also available in English or in French.
Publication of 2007 Registration Document
The Company announces that the French version of its 2007 Registration Document (Document de référence 2007) was filed by the French Market Authority (AMF) on 29 August 2008. The document is available in the Financials page in both French and English.
Second Quarter and First Half 2008 Results
PARIS RE Holdings Limited reports strong net operating income of US $81.0 million for the second quarter of 2008 (up 34.8%) and US $150.6 million for the first half of 2008 (up 32.3%). For more details please see the related press release in the All Press Releases page.
A webcast and conference call were held on Thursday, 28 August 2008 at 1.30 pm CET to discuss second quarter and first half 2008 financial results. The conference presentation and a replay of the webcast may be accessed from the Results page of the Presentations & Webcasts section.
Extraordinary General Meeting of Shareholders
The PARIS RE Holdings Limited's Board of Directors has convened an Extraordinary General Meeting of the shareholders to be held on 19 August, 2008. For more details and documentation, please go to the Shareholders’ Meetings page.
Distribution of Capital
PARIS RE Holdings Limited, has distributed capital of (CHF 3.19 per share), corresponding to 100% of the company’s 2007 net operating income, by repayment of nominal value of its shares, as previously disclosed in our press release dated 30 April 2008, resulting from shareholder approval at the Annual General Meeting of Shareholders held on 29 April 2008.
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Important Dates |
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| Record Date: | 9 July 2008 |
| Ex-Date: | 10 July 2008 |
| Scheduled Payment Date: | 11 July 2008 |
PARIS RE releases 2008 Q1 results
PARIS RE Holdings Limited announces net operating income of US $69.6 million for the first quarter of 2008, representing an increase of 29.5% over the first quarter of 2007. Book value and tangible book value per share increased 4.1% and 4.9% for the quarter to US $28.22 and US $26.10 as of March 31, 2008. For more information, please refer to the related press release in the All Press Releases page of this website.
PARIS RE Holdings Limited held an Analyst conference on 14 May at 2:30 pm CET. The conference presentation and a replay of the webcast may be accessed from the Results page of the Presentations & Webcasts section.
Publication of 2007 Annual Report
PARIS RE Holdings Limited has published its 2007 Annual Report and 2007 Financial Report comprising its Consolidated Financial Statements. The reports may also be downloaded in French by clicking Rapport annuel 2007 and Rapport financier 2007.
Annual General Meeting of Shareholders
PARIS RE Holdings Limited (Euronext: PRI) (“PARIS RE” or the “Company”) announces that the Annual General Meeting of the Company will take place on April 29 at 2pm (CET) and will be held at Casino Zug, Artherstrasse 2-4, 6300 Zug, Switzerland.
For more information, please refer to the related press release in the All Press Releases page or to the documentation under Shareholders’ Meetings.
PARIS RE releases 2007 Q4 and full year results
PARIS RE Holdings Limited announces net operating income of US $67.9 million for the fourth quarter and US $271.1 million for the year ended December 31, 2007. Net operating income to average tangible equity amounts to 13.3% for the full year 2007. Book value per share and tangible book value per share increased 12.0% and 16.2% for the year to US $27.12 and US $24.88 as of December 2007. For more information, please refer to the related press release under All Press Releases.
PARIS RE Holdings Limited held an Analyst conference on 14 March at 1:30 pm CET. The conference presentation and a replay of the webcast may be accessed from the Results page of the Presentations & Webcasts section. The full year Consolidated financial statements at December 31, 2007 are also available in English or in French.
PARIS RE Holdings Limited reports on the successful migration of its portfolio during the January renewals
PARIS RE Holdings Limited (Euronext: PRI) (“PARIS RE”) announced the successful migration of its portfolio from AXA RE to PARIS RE during the January renewals. Renewals were satisfactory in terms of pricing and in line with PARIS RE’s expectations.
“We are very satisfied with the outcome of renewals at 1 January, as it reflects the highly successful migration of our portfolio from AXA RE to PARIS RE, combined with PARIS RE’s continued focus on underwriting discipline. Our team proactively reduced capacity where underwriting margins were deemed to be inadequate, while also accessing attractive new business. We are also proud of significantly increasing our client base in a challenging environment,” commented Hans-Peter Gerhardt, Chief Executive Officer of PARIS RE.
For more information, please refer to the relevant press release under All Press Releases.
Extraordinary General Meeting of Shareholders
PARIS RE Holdings Limited (Euronext: PRI) (“PARIS RE” or the “Company”) announced that an Extraordinary General Meeting of its shareholders held in Zug, Switzerland, on January 14, 2008 has approved its Board of Directors’ proposal for a distribution of up to CHF 450.1 million of capital to shareholders (corresponding to approximately US $400 million as at December 5, 2007, the date of the Board of Directors’ approval), reflecting the Company’s commitment to effectively manage its capital and introduce leverage into its balance sheet.
For more information, please refer to the related press release in the All Press Releases page or to the documentation under Shareholders’ Meetings.
Launch of PARIS RE America Insurance Company on 1 January 2008
PARIS RE proudly announces the launch of the newly reorganized PARIS RE America Insurance Company which will begin doing new business on 1 January 2008. PARIS RE is consolidating the operations of its three US subsidiaries: PARIS RE America Insurance Company (formerly in run off and previously known as AXA RE America Insurance Company), AXA Space (based in Washington DC) and PARIS RE Latin America (based in Miami). As of the first of the year, these three companies and their employees will operate as PARIS RE America Insurance Company. In conjunction with the launch of PARIS RE America, the company is pleased to announce the opening of a New York office which will write US Property Facultative reinsurance. The New York team is led by Jorge Linero. PARIS RE America Insurance Company benefits from an A- (Stable) rating from both Standard & Poor’s and AM Best.
For more information about PARIS RE America’s underwriting operations, please refer to the description of PARIS RE’s Marine, Aviation & Space, Facultative and Life, Accident & Health lines of business.
For contact details, please refer to PARIS RE America.
PARIS RE capital management initiatives
PARIS RE Holdings Limited announces two capital management initiatives: immediate launch of share buy-back program and proposed return of capital to shareholders in connection with sub-debt issuance anticipated in early 2008.
For more information, please refer to the related press release in the All Press Releases page or to the documentation under Share Buyback Programs.
PARIS RE releases 2007 Q3 and first nine month results
PARIS RE Holdings Limited announces net operating income of US $90.0 million for the quarter and US $203.8 million for the nine months ended September 30, 2007. Annualized net operating income to average tangible equity amounts to 17.6% for the third quarter. For more information, please refer to the related press release under All Press Releases or to the Consolidated financial statements at 30 September 2007 in the Financials page.
PARIS RE Holdings Limited held an Analyst conference on 15 November. The conference presentation and a replay of the webcast may be accessed from the Results page of the Presentations & Webcasts section.
A new website for PARIS RE Holdings Limited!
PARIS RE Holdings Limited is pleased to announce the launch of its new website. This more user-friendly and practical site aims at providing you with key business and financial information about our company. We hope you will enjoy navigating through the pages of our site and remain at your disposal should you need any additional information.
PARIS RE Holdings Limited listed on Euronext
On 13 July 2007, after a successful IPO, the shares of PARIS RE Holdings Limited were officially listed on Eurolist by Euronext Paris.
PARIS RE releases 2007 half year results
View or download the 2007 Half Year Financial Report or access the presentation.
AM Best Assigns Ratings to PARIS RE Companies
On 21 June 2007, AM Best assigned a financial strength rating of A- and an issuer credit rating of “a-” to PARIS RE France, PARIS RE Switzerland and PARIS RE Bermuda. It affirmed the financial strength rating of A- and assigned an issuer credit rating of “a-” to PARIS RE America. More information.
Standard & Poor’s Assigns Ratings to PARIS RE Companies
On 8 June 2007, Standard & Poor's assigned its 'A-' long-term counterparty credit and insurer financial strength ratings to PARIS RE (PARIS RE “France”) and PARIS RE Switzerland Ltd. (PARIS RE “Switzerland”). More information.
Transaction Summary
For a detailed description of the transaction that led to the creation of PARIS RE, refer to our Transaction Summary.
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