PartnerRe Establishes Branch Office in Dubai
December 18 2015 - 12:00PM
Business Wire
PartnerRe Ltd. (NYSE: PRE) announced that subsidiary, Partner
Reinsurance Europe SE, was granted a license from the Dubai
Financial Services Authority (“DFSA”) to operate as an Authorised
Firm in the Dubai International Financial Centre (“DIFC”),
effective December 16, 2015.
PartnerRe’s branch office in the DIFC will be focused on
providing regional facultative support in property and construction
lines, to our clients based in the Middle East region. PartnerRe
has appointed John Ramesh to the position of Senior Executive
Officer of the Dubai branch, to lead the team. Underwriting
operations from our DIFC office will begin on January 1, 2016.
PartnerRe Ltd. is a leading global reinsurer, providing
multi-line reinsurance to insurance companies. The Company, through
its wholly owned subsidiaries, also offers capital markets products
that include weather and credit protection to financial, industrial
and service companies. Risks reinsured include property, casualty,
motor, agriculture, aviation/space, catastrophe, credit/surety,
engineering, energy, marine, specialty property, specialty
casualty, multi-line and other lines in its Non-life operations,
mortality, longevity and accident and health in its Life and Health
operations, and alternative risk products. For the year ended
December 31, 2014, total revenues were $6.5 billion. At
September 30, 2015, total assets were $22.0 billion, total
capital was $7.6 billion and total shareholders’ equity
attributable to PartnerRe was $6.8 billion.
PartnerRe on the Internet: www.partnerre.com
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version on businesswire.com: http://www.businesswire.com/news/home/20151218005667/en/
PartnerRe Ltd.Investor Contact: Robin SiddersMedia
Contact: Celia Powell441-292-0888orSard Verbinnen &
Co.Drew Brown/Daniel Goldstein212-687-8080
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