Milestones

1993
PartnerRe Ltd. is formed as a specialized catastrophe reinsurer by founding President & CEO, Herbert Haag. An initial public offering is completed and the Company starts operations, with a total capitalization of about $1 billion.

1996
PartnerRe Ltd. is listed on the New York Stock Exchange, trading symbol: PRE

1997
Acquisition and integration of SAFR, the 115-year-old Paris-based reinsurer, expanding the company's scope of business.

1998
Acquisition of Winterthur Re, the reinsurance operations of Winterthur Insurance Group, is completed. The acquisition significantly increases the Company’s size and depth in terms of assets, premiums written, technical expertise and employees, solidifying its position as a global multi-line reinsurer.

PartnerRe U.S. is established, combining the U.S. organizations of SAFR and Winterthur Re, and infused with $328 million of capital, demonstrating PartnerRe’s commitment to the U.S. reinsurance market.

A new department is dedicated to alternative risk transfer, to prepare for the convergence of reinsurance and capital markets.

2000
Patrick Thiele appointed President & CEO of PartnerRe Ltd following the retirement of founding President & CEO, Herbert Haag.

2001
PartnerRe withstands $400 million of losses from the September 11 terrorist attacks.

PartnerRe U.S. begins to write U.S. specialty casualty business to meet the risk management needs of U.S. cedants

2003
PartnerRe celebrates its 10th Year.
$10.9 billion in assets
$3.2 billion total capitalization
$2.6 billion shareholders; equity

2005
Hurricane Katrina, the largest insured event in history produces claims of $45 billion for the insurance industry and $511 million for PartnerRe.

2009
PartnerRe becomes a top-five reinsurer worldwide following the acquisition of PARIS RE, a French-listed, Swiss-based diversified reinsurer.
$23.7 billion in assets
$8.0 billion in total capitalization
$7.6 billion total shareholders' equity

2010
Patrick Thiele, President and CEO, announces his retirement effective December 31, 2010.  Costas Miranthis, CEO, PartnerRe Global named CEO designate.

2011
Following the retirement of Patrick Thiele, Costas Miranthis is appointed PartnerRe's President and CEO. He is also a Director of the Company.