PartnerRe Ltd. Announces Voluntary Delisting of Preferred Shares from NYSE
July 01 2024 - 9:00AM
Business Wire
PartnerRe Ltd. (“the Company”) today announced its intention to
voluntarily delist its 4.875% Series J Fixed Rate Non-Cumulative
Preferred Shares (the “Preferred Shares”) from the New York Stock
Exchange (the “NYSE”), and to deregister the Preferred Shares under
the U.S. Securities Exchange Act of 1934 (the “Exchange Act”). The
Company has notified the NYSE of its intention to voluntarily
delist the Preferred Shares.
The Company currently anticipates that it will file with the
U.S. Securities and Exchange Commission (the “SEC”) a Form 25,
relating to the delisting and deregistration of the Preferred
Shares under Section 12(b) of the Exchange Act, on or about July
11, 2024, with the delisting of the Preferred Shares expected to
take effect ten days thereafter. As a result, the Company expects
that the last trading day of the Preferred Shares on the NYSE will
be on or about July 19, 2024. Further, on or about July 22, 2024,
the Company intends to file a Form 15 with the SEC to suspend the
Company's reporting obligations under Section 15(d) of the Exchange
Act.
The decision to voluntarily delist from the NYSE and to
deregister from the SEC was made after careful consideration,
taking into account the significant financial and administrative
requirements of maintaining the NYSE listing and SEC
registration.
PartnerRe will continue to regularly provide financial
information about the Company, including audited US GAAP financial
statements, on our website at www.partnerre.com.
The delisting and deregistration of PartnerRe’s Preferred Shares
will not impact any of the terms of the Preferred Shares.
PartnerRe Ltd. is a leading global (re)insurer that helps
insurance companies reduce their earnings volatility, strengthen
their capital and grow their businesses through reinsurance
solutions. Risks are underwritten on a worldwide basis through the
Company’s three segments: P&C, Specialty, and Life and Health.
For the year ended December 31, 2023, total revenues were $9.1
billion. At December 31, 2023, total assets were $30.5 billion,
total capital was $10.3 billion and total shareholders’ equity was
$8.4 billion. PartnerRe maintains strong financial strength ratings
as follows: A.M. Best A+ / Moody’s A1 / Standard & Poor’s
A+.
partnerre.com
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PartnerRe Ltd. (441) 292-0888 Investor Contact: Stephen
Boylan Media Contact: Elizabeth Deacon