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Interview: PartnerRe ready to punch its weight

16 February 2010

PartnerRe's acquisition of Paris Re, along with involvement in initiatives such as the Global Reinsurance Forum trade group, confirms Patrick Thiele's position as one of the most influential reinsurance executives around.

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Patrick Thiele believes he has just brought his firm into a league of its own. PartnerRe may now be the biggest reinsurer on Bermuda in terms of capital.The firm entered the year having just completed the $2bn acquisition of European reinsurer Paris Re, the former Axa Re. PartnerRe is one of the most established firms on the island. Following IPC Re disappearing in last year’s other big acquisition story, PartnerRe is one of only two remaining class of 1993 reinsurers set up following hurricane Andrew. The other is RennaissanceRe.PartnerRe has long been praised for its consistent good performance. Thiele, who is president and chief executive officer of PartnerRe, has often labelled his firm boring during his almost decade in charge. By contrast, Thiele has never been worried about speaking his mind on industry issues. In a wide-ranging interview with Reactions, he gave his thoughts on his acquisition and the state of the...


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Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

Less than $3bn
0%
$3bn-$4bn
44%
$4bn-$5bn
22%
$5bn-$6bn
11%
$6bn-$7bn
22%
More than $7bn
0%