PEMBROKE, Bermuda, April 20, 2010 – PartnerRe Ltd. (NYSE: PRE) today announced the publication of a 20-page report titled The CatFocusR Earthquake Model: High-Quality Risk Analysis. The report describes PartnerRe’s state-of-the-art, proprietary earthquake model.
A sophisticated and fully updated risk evaluation and pricing tool, the CatFocusR earthquake model is able to deal with all industry-standard data formats, including a robust methodology for aggregate exposure data. The model also incorporates a number of innovations and advanced approaches, in particular relating to the development of empirical vulnerability curves, which distinguish PartnerRe's model from other modeling solutions.
“Although the return periods of the largest events are high, the devastating consequences of earthquakes, as recently evidenced, make inadequate estimation of this risk an extremely dangerous path to follow. This publication has been prepared to share knowledge with our clients, and to show in detail and with maximum transparency why we are confident that our proprietary model and overall modeling approach deliver a reliable evaluation of earthquake risk”, said Ted Dziurman, Head of Catastrophe at PartnerRe.
To access this publication online, please visit: http://www.partnerre.com/research.
PartnerRe is a leading global reinsurer, providing multi-line reinsurance to insurance companies. The Company through its wholly owned subsidiaries also offers alternative risk 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, other lines, life/annuity and health, and alternative risk products. For the year ended December 31, 2009, total revenues were $5.4 billion, and at December 31, 2009 total assets were $23.7 billion, total capital was $8.0 billion and total shareholders’ equity was $7.6 billion.
PartnerRe on the Internet: www.partnerre.com
Contacts:
PartnerRe Ltd.
Media Contact: Celia Powell, Group Media Relations - (441) 292-0888
Media Contact: Natalia Vayner-Heyraud, Global Media Relations - +33 1 44 01 37 31
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