PartnerRe
PartnerRe is a global reinsurer underwriting P&C, Specialty, and Life & Health risks for insurance companies across 16 offices. Privately owned by Covéa since 2022, the firm holds $13B in capital and writes $9.35B+ in annual premiums.
- Company typePrivate
- Founded1993
- HeadquartersHamilton, Bermuda
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What PartnerRe does
PartnerRe is a global reinsurer headquartered in Pembroke, Bermuda, founded in 1993 in the aftermath of Hurricane Andrew. The company underwrites reinsurance risks across three segments — Property & Casualty (property, casualty, catastrophe, cyber, structured solutions), Specialty Lines (agriculture, aviation and space, financial risks, marine and upstream energy, specialty property and engineering), and Life and Health (including U.S. health) — serving insurance companies, brokers, TPAs, MGAs, and MGUs across North America, EMEA, and Asia Pacific through 16 office locations.
The company generates revenue primarily through reinsurance premiums (gross premiums written of $9.35 billion in FY2024 and $5.2 billion in H1 2025, with non-life representing $4.0B and life and health $1.2B of H1 2025 GWP) and net investment income ($773 million in FY2024, up 19.7% YoY). PartnerRe holds $13 billion in total capital and carries A+ financial strength ratings from both A.M. Best and S&P, plus A1 from Moody's. Its core technology stack includes actuarial modeling, data analytics, and risk assessment tools supporting multi-year, risk-priced reinsurance contracts, complemented by ISO/IEC 27001:2022-certified information security infrastructure.
PartnerRe's go-to-market combines direct cedent relationships with broker/intermediary channels, emphasizing early engagement, transparent risk appetite communication, and active dialogue with clients. The company is privately owned by Covéa, the French P&C insurance group, since July 2022, following prior ownership by EXOR (2016–2022). Approximately 1,300 employees support the company's global operations. Strategic priorities include expanding the Life & Health segment, building the Helix International London platform, and establishing a GIFT City branch in India.
PartnerRe firmographics
Firmographics- Name
- PartnerRe
- Legal name
- PartnerRe Ltd.
- Website
- http://www.partnerre.com/
- Company type
- Private
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- PartnerRe is a global reinsurer underwriting P&C, Specialty, and Life & Health risks for insurance companies across 16 offices. Privately owned by Covéa since 2022, the firm holds $13B in capital and writes $9.35B+ in annual premiums.
- Ownership category
- akta.pro rank
PartnerRe industry classification
Industry- Product category
- Reinsurance
- NAICS
- Direct Property and Casualty Insurance Carriers (524126), Insurance Carriers and Related Activities (524), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Fire, Marine & Casualty Insurance (6331), Life Insurance (6311)
- akta.pro primary industry
- Commercial Lines P&C Reinsurance (FSAOABAB)
- akta.pro secondary industries
- Professional Liability (E&O) Reinsurance (FSAOADAH), Financial Lines Treaty Reinsurance (e.g., D&O, E&O, professional liability) (FSAOAEAG), Reinsurance Program Structuring & Portfolio Solutions (Broker-led) (FSAOAHAJ)
Keywords
Where PartnerRe is headquartered
LocationHeadquarters
- HQ city
- Hamilton
- HQ country
- Bermuda
Offices10 records
Markets served
PartnerRe business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Non-Life Reinsurance Premiums: PartnerRe earns reinsurance premiums from Property & Casualty (P&C) and Specialty Lines. P&C includes Property, Casualty, Catastrophe, Cyber, and Structured Solutions. Specialty includes Agriculture, Aviation & Space, Financial Risks, Marine & Upstream Energy, and Specialty Property/Engineering/Downstream Energy. For H1 2025, non-life gross written premiums were $4.0 billion out of total gross premiums written of $5.2 billion.
- Life and Health Reinsurance Premiums: PartnerRe earns reinsurance premiums from Life & Health and U.S. Health business lines. Premium volume grew 18.7% in 2024 compared to 2023. For H1 2025, Life and Health gross written premiums were $1.2 billion.
- Net Investment Income: Investment returns on the company's investment portfolio. Net investment income was $773 million in 2024, growing 19.7% compared to 2023. H1 2025 net investment income was $424 million, a 15.8% increase from H1 2024.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Non-Life Reinsurance |
| Other | Multi-year contract | Specialty Lines Reinsurance |
| Other | Multi-year contract | Life & Health Reinsurance |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
PartnerRe product offering
Product offeringCore offering
PartnerRe is a global reinsurer that underwrites risk on behalf of primary insurance companies through three operating segments: P&C (Property, Casualty, Catastrophe, Cyber, Structured Solutions), Specialty Lines (Agriculture, Aviation & Space, Financial Risks, Marine & Upstream Energy, Specialty Property/Engineering/Downstream Energy), and Life & Health (including U.S. Health). The company also delivers Capital Management and Insurance Program services that help cedants reduce earnings volatility, strengthen capital, and grow their businesses.
Product overview
PartnerRe operates as a leading global reinsurer offering a diversified portfolio of reinsurance solutions organized across three main segments: P&C (Property & Casualty), Specialty Lines, and Life & Health. The P&C segment encompasses Property, Casualty, Catastrophe, Cyber Risk, and Structured Solutions. The Specialty Lines segment covers Agriculture, Aviation & Space, Financial Risks, Marine & Upstream Energy, and Specialty Property/Engineering/Downstream Energy. The Life & Health segment includes Life & Health and U.S. Health reinsurance. Additional offerings include Capital Management and Insurance Programs services. Together, these products and services help insurance companies reduce earnings volatility, strengthen capital, and grow their businesses through reinsurance solutions.
Differentiator
Problem solved
Functional benefit
Products and services
- Property Reinsurance Reinsurance coverage for property risks, supporting insurers in managing exposures from natural catastrophes and other property-related losses. Built on P&C segment capabilities.
- Casualty Reinsurance Reinsurance solutions for casualty lines, covering liability exposures and supporting insurers in U.S. Casualty and other casualty segments.
- Catastrophe Reinsurance Catastrophe reinsurance providing capacity for major natural disaster events, helping insurers manage peak catastrophe exposures.
- Cyber Risk Reinsurance Reinsurance coverage addressing cyber risk exposures, supporting insurers providing cyber insurance products.
- Structured Solutions Customized reinsurance structures designed to meet specific client risk management and capital objectives.
- Agriculture Reinsurance Reinsurance for agricultural risks, supporting crop insurance and other agriculture-related coverage.
- Aviation & Space Reinsurance Reinsurance solutions for aviation and aerospace risks, covering airlines, airports, and space-related exposures.
- Financial Risks Reinsurance Reinsurance covering financial risks including credit, surety, and other financial institution exposures.
- Marine & Upstream Energy Reinsurance Reinsurance for marine hull, liability, and upstream energy sector risks.
- Specialty Property, Engineering & Downstream Energy Reinsurance Reinsurance for specialty property, engineering insurance, and downstream energy sector risks.
- Life & Health Reinsurance Comprehensive life and health reinsurance solutions supporting primary insurers with mortality, morbidity, and specialty health risks.
- U.S. Health Reinsurance Specialized reinsurance solutions for the U.S. health insurance market.
- Capital Management Solutions Reinsurance-based capital management solutions helping insurers optimize their capital structures.
- Insurance Programs Insurance program solutions including capacity provision and program management support for managing general agents and other program business.
Quantifiable outcome
- Net income of $2.1 billion for FY 2025, up from $1.44 billion in FY 2024
- +4 more outcomes
Companies that use PartnerRe
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
PartnerRe technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
PartnerRe partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered notable and core.
- Helix Underwriting Partners Bermuda (Helix International)notablePartnerRe Insurance Programs partnered with Helix Underwriting Partners Bermuda to launch Helix International, a London-based property insurance platform operational since January 2026. The program provides direct and facultative property capacity within the London Market with up to $5 million in capacity for all-risk coverage, serving clients from small businesses to large corporations with total insured values exceeding $100 million.
- Banyan Risk Ltd.coreBanyan Risk, a specialty managing general agent established in 2021, entered a strategic partnership with PartnerRe to increase its D&O insurance capacity. PartnerRe provided $5 million in capacity enabling Banyan Risk to offer D&O limits up to $10 million. The partnership builds on an existing relationship and recent expansion into excess casualty coverage as Banyan Risk seeks to fill gaps left by market participants withdrawing from segments or lowering D&O limits.
Scale indicators13 records
Recent moves7 records
Expansion highlights6 records
PartnerRe competitors and assessment
Company assessmentDirect peers
- Swiss Re: Second-largest global reinsurer offering direct comparison across P&C, Specialty and Life & Health reinsurance; similar long-standing institutional client base and global office footprint.
- Munich Re: Largest global reinsurer by premium volume; competes with PartnerRe across all three segments (P&C, Specialty, Life & Health) and represents the upper bound of scale and capital in the global reinsurance market.
- RenaissanceRe Holdings: Bermuda-based global reinsurer with comparable P&C and Specialty franchise; ranked #1 in PartnerRe's Bermuda peer set and a frequent benchmark for catastrophe and specialty pricing.
- Everest Group: Bermuda-based global re/insurer with overlapping P&C and Specialty reinsurance franchise; competes with PartnerRe in U.S. casualty, catastrophe and international specialty programs.
- Hannover Re: Among the world's largest reinsurers with a comparable diversified P&C, Specialty and Life & Health franchise; frequently benchmarked on combined ratio and investment yield.
- SCOR SE: Paris-headquartered global reinsurer with comparable scale, three-segment structure (P&C, Specialty, Life) and historical emphasis on treaty reinsurance across EMEA and Americas.
- Arch Capital Group: Bermuda-based multi-line re/insurer ranked #2 in Bermuda; comparable diversified book across P&C, Specialty and reinsurance with similar geographic footprint.
- Convex Group: Privately held Bermuda-based specialty re/insurer founded by industry veterans; similar product mix across P&C and Specialty and comparable private-ownership structure to PartnerRe under Covéa.
Broad incumbents
- Lloyd's of London: Incumbent specialty insurance and reinsurance market where multiple PartnerRe Specialty lines (Marine, Aviation, Energy, Specialty Property) compete for and place risk; a broader market participant rather than a single direct competitor.
- Markel Group: Specialty insurer/reinsurer with overlapping niche lines (including D&O, professional liability) competing for specialty risks ceded by primary insurers; broader commercial insurance portfolio places it as a broad incumbent rather than pure-play reinsurer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
PartnerRe social profiles
Digital presencePartnerRe compliance and trust
Trust signalCompliance1 record
PartnerRe financial estimates
Financial estimateRevenue estimate
Valuation estimate
PartnerRe leadership team
Management profileNumber of profiles
Profiles23 records
PartnerRe subsidiaries and ownership
Company hierarchySubsidiaries6 records
PartnerRe funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PartnerRe M&A and investment
M&A and investmentM&A3 records
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PartnerRe
What does PartnerRe do?
PartnerRe is a global reinsurer that underwrites risk on behalf of primary insurance companies through three operating segments: P&C (Property, Casualty, Catastrophe, Cyber, Structured Solutions), Specialty Lines (Agriculture, Aviation & Space, Financial Risks, Marine & Upstream Energy, Specialty Property/Engineering/Downstream Energy), and Life & Health (including U.S. Health). The company also delivers Capital Management and Insurance Program services that help cedants reduce earnings volatility, strengthen capital, and grow their businesses.
Is PartnerRe a public or private company?
PartnerRe is a private company. It is classified as corporate owned and is currently operating.
When was PartnerRe founded?
PartnerRe was founded in 1993. It employs 5,001 to 10,000 people.
Where is PartnerRe based?
PartnerRe is headquartered in Hamilton, Bermuda.
How does PartnerRe make money?
Three revenue lines are on record. Non-Life Reinsurance Premiums are the primary driver. The others are life and Health Reinsurance Premiums and net Investment Income.
Who are PartnerRe's main competitors?
Direct peers on record are Swiss Re, Munich Re, RenaissanceRe Holdings, Everest Group, Hannover Re, SCOR SE, Arch Capital Group and Convex Group. Broad incumbents are Lloyd's of London and Markel Group.
Does PartnerRe have an API?
No public API is recorded for PartnerRe.
What industry is PartnerRe in?
PartnerRe's product category is Reinsurance. Its primary akta.pro industry code is FSAOABAB, Commercial Lines P&C Reinsurance, with a secondary code of FSAOADAH, Professional Liability (E&O) Reinsurance. Its NAICS code is 524126 and its SIC code is 6331.