BNET Industries

Market Cap:$6.1B
Last Fiscal Year Sales:$4.2B
  • Public
  • BM
Dow Jones Description

Catastrophe, Property, Agriculture, Automobile, Marine, Space & Aviation, Credit & Surety, Miscellaneous Casualty Lines & Life & Health Insurance Services

President & CEO
Patrick A. Thiele
Number of Employees 995
Contact Information

Wellesley House

Pembroke HM 08

www.partnerre.c...

(441) 292 0888

NAICS Code Direct Life Insurance Carriers: 524113

Recent Events

  • PartnerRe Rebounds; Posts $566.7 Million Q3 Net; $1.2 Billion 9 Months

    10/27/09 - Financial Announcement - View Story

  • UPDATE 2-PartnerRe Q3 operating profit beats estimates

    10/26/09 - Merger / Acquisition - View Story

  • RBC Capital Markets Corp maintains PartnerRe at 'outperform'

    10/09/09 - Bond / Stock Rating - View Story

  • Fitch Affirms PartnerRe's Ratings Following Block Purchase of PARIS RE Shares; Outlook to Negative

    10/06/09 - Bond / Stock Rating - View Story

  • PartnerRe appoints former XL chairman to board, completes block purchase of PARIS RE shares

    10/05/09 - Board Member - Entering - View Story

  • PartnerRe, PARIS RE amend deal structure

    9/28/09 - Joint Venture / Alliance - View Story

  • Wells Fargo Upgrades PartnerRe Ltd. PRE to Outperform; Strong Position Within Reinsurance Market

    9/11/09 - Bond / Stock Rating - View Story

  • UPDATE 1-Wells Fargo downgrades AIG to underperform

    9/11/09 - Bond / Stock Rating - View Story

  • Paris Re Shareholders Clear Path for Merger With PartnerRe

    8/13/09 - Merger / Acquisition - View Story

  • PartnerRe Reports Q2, 1H Results

    7/28/09 - Financial Announcement - View Story

  • Zwiener Joins PartnerRe Board

    7/10/09 - Board Member - Entering - View Story

  • PartnerRe Agrees To Acquire Rival Paris Re In $2 Bln All-stock Deal - Update

    7/06/09 - Merger / Acquisition - View Story

  • PartnerRe to Buy Paris Re

    7/06/09 - Merger / Acquisition - View Story

  • 2. PartnerRe Ltd. To Acquire PARIS RE.

    7/10/09 - Merger / Acquisition - View Story

  • PartnerRe to acquire Swiss rival in US$2b deal

    7/07/09 - Financial Announcement - View Story

News & Analysis

partnerre ltd. - All News and Analysis

Decision Makers

Name (plus bio) Position
Patrick A. Thiele President & CEO
Albert A. Benchimol Executive Vice President and Chief Financial Officer
Laurie A. Desmet Chief Accounting Officer
Mike Mitchard CIO
Jean-Paul Montupet Director of the Company
William Babcock Group Director, Finance
Alain Flandrin Head, Property & Casualty, Global
Emmanuel Clarke Head, Specialty Lines, Global
Scott D Moore
Jan H. Holsboer Director
Kevin M. Twomey Director
Robert M. Baylis Director
Vito H. Baumgartner Member

Board of Directors

Name (plus bio) Position
Judith Hanratty Chairman
David K. Zwiener Board of Directors
Jurgen Zech Board of Directors
Lucio Stanca Board of Directors
Remy Sautter Board of Directors

Organization Position Status
Partner Reinsurance Company Ltd. President & CEO Current
PartnerRe Ltd. President & CEO Current
PartnerRe Ltd. Board of Directors Current
Wenger Corporation Board of Directors Current
University of Wisconsin-Madison Chartered Financial Analyst Former
Norwich Union Former
University of Wisconsin B.S. In Finance and An Mba Former

Albert Benchimol is a member of the PartnerRe Group Executive Committee and is the Company's Chief Financial Officer. Based in Bermuda, Albert is responsible for all aspects of the Company's global financial operations, including financial reporting and control, treasury, actuarial, tax planning and capital management, as well as investor and rating agency relations. Albert also manages our investment and asset management and Alternative Risk Transfer (ART) units. Albert joined PartnerRe as Chief Financial Officer in April 2000. Prior to that, he spent 11 years working for Reliance Group Holdings Inc., most recently as Senior Vice President and Treasurer and a member of the senior management team. He spent seven years in corporate banking before joining the insurance industry. Albert has a B.Sc. and an MBA from McGill University and is fluent in French and English.

Organization Position Status
PartnerRe Ltd. Executive Vice President and Chief Financial Officer Current
Partner Reinsurance Company Ltd. Cfo & Executive Vice President Former
McGill University Mba Former

Organization Position Status
PartnerRe Ltd. Chief Accounting Officer Current

Organization Position Status
PartnerRe Ltd. CIO Current

Organization Position Status
Emerson Electric Co. Executive Vice President Current
PartnerRe Ltd. Director of the Company Current
PartnerRe Ltd. Board of Directors Current
National Electrical Manufacturers Association Board of Directors Current
Lexmark International, Inc. Director Current
Lexmark International Middle East Fz LLC Director Current
Lexmark International, Inc. Compensation & Pension Committee Member Current
Emerson Electric Co. President, Eueope Former
National Electrical Manufacturers Association Executive Vice President Former
Moteurs Leroy-Somer S.A. Chairman and Director Former
Emerson Electric Co. Advisory Director Former
Emerson Electric Co. Chairman, North American Operations Former
Emerson Electric Co. Board of Directors Former

Organization Position Status
PartnerRe Ltd. Group Director, Finance Current

Organization Position Status
PartnerRe Ltd. Head, Property & Casualty, Global Current

Organization Position Status
PartnerRe Ltd. Head, Specialty Lines, Global Current

Organization Position Status
PartnerRe Ltd. Current
PricewaterhouseCoopers Former

Organization Position Status
The British Standards Institution Chairman Current
PartnerRe Ltd. Chairman Current
PartnerRe Ltd. Board of Directors Current
Charles Taylor Consulting Plc Board of Directors Current
BP plc Board of Directors Former
The British Standards Institution Board of Directors Former
Competition Commission Board of Directors Former

Organization Position Status
PartnerRe Ltd. Board of Directors Current
The Hartford Financial Services Group, Inc. President & Chief Operating Officer, Property and Casualty Operations Former
The Hartford Financial Services Group, Inc. Executive Vice President & CFO Former
Mellon Bank, N.A. Senior Financial Management Former
Ford Motor Company Senior Financial Management Former
Kimberly Clark Credit Union Senior Financial Management Former
The Hartford Financial Services Group, Inc. Board of Directors Former
Duke University Fuqua Board of Visitors Former
Northwestern University MBA, Finance and Marketing Former
Duke University Bachelor's Degree Former

Jan H. Holsboer has served as a director since May 2000 and is a member of the Company's Audit Committee and the Nominating & Governance Committee. Mr. Holsboer was a member of the Executive Board of ING/Nationale-Nederlanden and was primarily responsible for its International Operations from 1990 to 1999. From 1997 to 1999, Mr. Holsboer was Chairman of the Executive Committee Financial Services International of ING Group with oversight of all its insurance, retail bank and asset management products outside the Benelux, including all of ING's reinsurance activities. During this period, Mr. Holsboer was also a member of the Executive Board of ING Bank. Mr. Holsboer was a Board member of the International Insurance Society from 1994 to 1999 and has been a member of the Geneva Association since 1986. Mr. Holsboer served as President of the Association from 1993 to 1999, as Honorary President from 2000 and was Co-Chairman of the Geneva Association Task Force on International Accounting Standards from 2003 to 2005. Mr. Holsboer is an Executive Board Member of Univar N.V., and a supervisory director of Atradius N.V., TD Waterhouse Bank N.V., and Yura International/Vittoria Capital Holding BV. Mr. Holsboer also serves as Chairman of the Board for both Stichting Vie d'Or and Vereniging Pro Senectute. Mr. Holsboer is Vice Chairman of the Amsterdam Institute of Finance.

Organization Position Status
PartnerRe Ltd. Director Current
Univar N.V. Board of Directors Current
Univar N.V. Member, Mgmt Bd Current
PartnerRe Ltd. Member Former
International Insurance Society, Inc Board Member Former

Jürgen Zech has served as a director since August 2002 and is a member of the Company's Audit Committee, Human Resources Committee, and Compensation Committee. At the end of 2001, Dr. Zech retired as Chairman of the Board of Management of the insurance group Gerling-Konzern Versicherungs-Beteiligungs-AG, a post he assumed in 1996, having previously served as Vice Chairman since 1993. From 1986, Dr. Zech was employed by the reinsurance group Kölnische Rückversicherungs-Gesellschaft AG, Cologne, where he served as Chairman of the Board of Executive Directors from 1987 to 1992 and as Vice Chairman of their subsidiary, Cologne Re. Prior to joining Kölnische Rückversicherungs-Gesellschaft AG, Dr. Zech was with Colonia Versicherung AG, Cologne, where he served as a member of the Board of Executive Directors from 1975 to 1985. Dr. Zech has retired from the board of directors of Sauerborn Trust AG, Barclays plc, Barclays Bank plc, ATIS-REAL SA, Adyal SA and Oviesse GmbH. Dr. Zech serves as a non-executive director for Misys plc. Dr. Zech is chairman of Denkwerk GmbH and is also on the Board of Directors of Seeburger AG and Quarzwerk GmbH. Dr. Zech holds a Doctorate in Business Economics from the University of Cologne, an MBA from INSEAD, and is Chairman of the Cultural Initiative of German Industry (BDJ).

Organization Position Status
PartnerRe Ltd. Board of Directors Current

Mr. Twomey was president of The St. Joe Company from 1999 until his retirement in 2006. He is currently a director and chairman of the audit committee of PartnerRe (NYSE: PRE), an international reinsurance company. He is a director of Prime Property Fund LLC, a privately held company organized as a REIT and managed on behalf of investors by Morgan Stanley. He previously served as a director of Doral Financial Corporation (NYSE: DRL) from 2007 2009, of Novelis from 2006 2007, and of Intergraph Corporation from 2004 2006. Prior to joining The St. Joe Company, Mr. Twomey was vice chairman of the board of directors and chief financial officer of H.F. Ahmanson & Company and its principal subsidiary, Home Savings of America. Prior to joining Ahmanson in 1993, he was chief financial officer at First Gibraltar Bank, a company owned by MacAndrews & Forbes Holdings. He serves on the board of trustees of the University of North Florida and is the chairman of the board trustees of the United Way of Northeast Florida. He holds master s degrees from Duke University and The George Washington University and a bachelor s degree from the University of Virginia.

Organization Position Status
Acxiom Corporation Chairman Current
PartnerRe Ltd. Chairman Current
Doral Financial Corporation Chairman Current
Chinaloop Board of Directors Current
Intergraph Corporation Board of Directors Current
University of North Florida Board of Directors Current
PartnerRe Ltd. Director Current
St. Joe Company President Former
Twomey Company CFO Former
Ahmanson & Co Former
Acxiom Corporation Board of Directors Former
Doral Financial Corporation Director Former
Duke University MBA Former
The George Washington University Masters Degrees Former
University of Virginia bachelor's degree Former
The George Washington University MSA degree Former
Intergraph Corporation member Former
PartnerRe Ltd. member Former

1998 until January 2005. After a period of service as a cabinet member of the Italian government, Mr. Stanca re-joined the PartnerRe Board in September 2006, and is now a member of the Company's Nominating & Governance Committee and Finance & Risk Management Committee. In July 2001, Mr. Stanca was appointed as Minister of Innovation and Technology in the Italian Government. From 1994 until his retirement from IBM in 2001, Mr. Stanca was Executive Chairman of IBM EMEA (Europe, Middle East, and Africa), and was Chairman and Chief Executive Officer of IBM SEMEA (South Europe, Middle East, and Africa) from 1991 until 1994. Mr. Stanca worked with IBM in both Europe and the U.S. from 1968. Mr. Stanca is a Director of the Board of the Bocconi University and is Vice President of the Aspen Institute Italia.

Organization Position Status
PartnerRe Ltd. Board of Directors Current

Rémy Sautter has served as a director of the Company since November 2001, is Vice Chairman of the Company's Audit Committee, and is a member of the Company's Nominating & Governance Committee. From 1996 to 2000, Mr. Sautter was President and Chief Executive Officer of CLT-UFA Group. From 1985 to 1996, Mr. Sautter was Vice Chairman and Managing Director of RTL Radio, France and in 1989 he was appointed as Managing Director in charge of CLT radio activities. Mr. Sautter is Chairman of the Board for RTL Radio, France and Vice-Chairman of the Board for Channel 5, UK. Mr. Sautter also serves as a non-executive director of M6 Television (Paris), Pages Jaunes (Paris), and Taylor Nelson Sofres plc. (London), as a non-voting director of Thompson Multimédia P.L.C., and is Operating Partner of Duke Street Capital (London).

Organization Position Status
PartnerRe Ltd. Board of Directors Current

Robert M. Baylis has served as a director since May 2000 and is the Chairman of the Company's Finance & Risk Management Committee and a member of the Company's Nominating & Governance Committee. Mr. Baylis was Vice Chairman of CS First Boston, a position he held until 1996, and prior to his retirement was Chairman and Chief Executive Officer of CS First Boston Pacific Inc. Mr. Baylis is a director of New York Life Insurance Company, Host Marriott Corporation, Covance, Inc., and is Chairman of the Board for Gildan Activewear, Inc. He is an overseer of the University of Pennsylvania Museum and a Trustee of the Rubin Museum of Art. Mr. Baylis is a member of the Advisory Council of the Economics Department of Princeton University and is a Chartered Financial Analyst.

Organization Position Status
Princeton University Member Economics Department Current
Darien Rowayton Bank Current
Gildan Activewear, Inc. Chairman of the Board Current
The International Forum Director Current
Rubin Museum of Art Board of Directors Current
New York Life Insurance Company Board of Directors Current
Covance, Inc. Director Current
Host Hotels & Resorts, Inc. Director Current
PartnerRe Ltd. Director Current
PartnerRe Ltd. Member Current
PartnerRe Ltd. Chairman of the Company's Finance & Risk Management Committee Former
Credit Suisse Vice Chairman Former
CS First Boston, Inc. Vice Chairman Former
National Council YMCA of the USA Board of Directors Former

Vito H. Baumgartner was appointed to the Board in November 2003 and is a member of the Company's Audit Committee, Human Resources Committee and Compensation Committee. Mr. Baumgartner serves as Vice Chairman to both the Human Resources Committee and Compensation Committee. Until he retired in January 2004, Mr. Baumgartner was a Group President and Executive Office member of Caterpillar Inc., a leading manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Mr. Baumgartner is a Director of AB SKF, Inc. (Sweden), Scania AB (Sweden) and Northern Trust Global Services Ltd. (UK).

Organization Position Status
PartnerRe Ltd. Member Current
PartnerRe Ltd. Vice Chairman of the Company's Human Resources Committee, and Compensation Committee Current
Caterpillar, Inc. Former

Executive News

  • 2. PartnerRe Ltd. To Acquire PARIS RE.

    AllBusiness Champions of Small Business - 7/10/09 - View Story

  • Zwiener Joins PartnerRe Board

    Insurance Journal - 7/10/09 - View Story

  • David Zwiener Appointed to PartnerRe`s Board of Directors

    Reuters - 7/09/09 - View Story

  • PartnerRe Ltd. Appoints David Zwiener To Board - Quick Facts

    RTTNews.com - 7/09/09 - View Story

  • David Zwiener Appointed to PartnerRes Board of Directors

    Business Wire - 7/09/09 - View Story

  • PartnerRe to acquire Swiss rival in US$2b deal

    Shanghai Daily - 7/07/09 - View Story

  • PartnerRe Ltd. übernimmt PARIS RE

    Reuters - 7/06/09 - View Story

  • PartnerRe to Buy Paris Re

    The Wall Street Journal Interactive Edition - 7/06/09 - View Story

  • PartnerRe Agrees To Acquire Rival Paris Re In $2 Bln All-stock Deal - Update

    TradingMarkets - 7/06/09 - View Story

  • PartnerRe to Acquire Paris Re in $2 Billion Deal

    ABC News - 7/05/09 - View Story

  • PartnerRe to acquire Paris Re in $2 billion deal

    Marin Independent Journal - 7/05/09 - View Story

  • Reinsurer PartnerRe to acquire smaller rival Paris Re in cash, stock deal worth $2 billion

    Chicago Tribune - 7/05/09 - View Story

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PRE $77.27 -0.14 (-0.18% )
Volume 530,662
Shares Outstanding 79.6M
Market Cap 6.1B
Year High 81.71
Year Low 53.92
Earnings Per Share 21.39
P/E Ratio 3.6124
Dividend 1.88
Yield 2.4330
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