Our Business at a Glance
| Organization | Clients/Objectives | Lines of Business/ Scope of Work |
|
|---|---|---|---|
| Business Units | |||
| U.S. | |||
| Standard Lines | One business unit writing standard property and casualty for U.S. clients and organized by geographic scope:
|
Leading national and regional insurance companies in the U.S. Products and services are provided through reinsurance intermediaries. |
Property & Casualty business:
|
| Specialty Casualty | One business unit writing specialty casualty business and serving U.S. clients. | Specialty U.S. carriers or dedicated departments within large U.S. companies underwriting in their areas of expertise. Products and services are provided through reinsurance intermediaries. |
Property & Casualty business:
|
| Specialty Lines | Organized by line of business and serving U.S. clients:
|
Leading property and casualty insurance companies within the U.S. market. Products and services are provided through reinsurance intermediaries. |
Property & Casualty business:
|
| Global | |||
| Property & Casualty | Organized into six departments along geographic lines:
|
Leading multiline insurance companies in all geographic markets, excluding U.S. Products and services are provided to clients directly and through reinsurance intermediaries. |
Standard Property & Casualty business:
|
| Specialty Lines | Organized into eight departments by client or line of business:
|
Monoline companies and specialty line divisions in multiline companies worldwide for Aviation/Space, Credit/Surety, Energy Onshore, Engineering, Marine/Energy Offshore and Facultative Property. All other lines exclude business from U.S. clients. Products and services are provided to clients directly and through reinsurance intermediaries for both facultative and treaty solutions. |
Agriculture: Crop hail, MPCI, aquaculture, forestry, bloodstock, livestock. Aviation/Space: Airlines, manufacturers, airport operators, general aviation, space. Credit/Surety: Domestic and export credit, surety bonds. Energy Onshore: Onshore oil and gas operations, mining, power generation, pharmaceuticals, chemicals. Engineering: Construction/erection, delay in start-up, boiler/machinery, business interruption. Marine/Energy Offshore: Hull, cargo, specie, marine liabilities, loss of hire, P&I, energy offshore. Specialty Casualty: Products liability, professional liability, medical malpractice, D&O. Specialty Property: Property damage, business interruption, nuclear, terrorism pools. |
| Catastrophe | One worldwide business unit organized into two departments:
|
Monoline companies, Pools and general P&C companies, serviced directly or through reinsurance intermediaries. Services include providing coverage for natural hazards such as windstorm, earthquake, flood and other perils, as well as man-made catastrophes and advising on adequacy and structuring of protections. |
Property and motor catastrophe excess of loss treaties, and proportional and stop loss property treaties for natural perils, catastrophe bonds and Industry Loss Warranties. Scope of work includes natural hazards, research and modeling. |
| Life | One business unit writing non-U.S. life business, serviced from offices in Dublin, Paris, Zurich, Toronto, Singapore and Mexico. | Life insurers who require capacity, expertise and a range of services including medical underwriting and product development. | Longevity and mortality lines in G7 countries (excluding U.S.) and some additional countries. |
| Capital Markets | Organized into five business units and backed by a common risk management and operations support function: Public Markets
Private Markets
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|
Responsible for the assumption and management of PartnerRe’s capital markets risks, including our investment portfolio and alternative risk transfer products worldwide, with an approach that distinguishes between funds that support our reinsurance operations and those that represent the investment of our shareholders’ capital. |
| Group Functions | |||
| Finance and Actuarial | Aligned with Group organizational structure, along Group and business unit lines, to ensure appropriate financial controls and maximize shareholder returns, while minimizing financial risk. |
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Responsible for the Group’s fiduciary and control functions; transactional accounting and processing; external reporting; decision support; actuarial analysis and reserving; planning; risk management and treasury; rating agencies and investor relations. |
| Support | Aligned with Group organizational structure, along Group and business unit lines:
|
Human Resources: Attract, retain and develop intellectual capital of the organization. Information Technology: Provide effective information technology tools worldwide. Legal: Ensure compliance with legal and reporting requirements. Corporate Communications: Ensure consistent understanding of messages and information internally and externally. Internal Audit: Provides internal control and risk assurance services, as well as Sarbanes-Oxley compliance testing. |
Responsible for ensuring that all support requirements – Human Resources, Information Technology, Legal, Corporate Communications, Internal Audit – are met on a Group and local basis. |