PartnerRe Insurance Company Car Insurance Review 
PartnerRe car insurance sells reinsurance to other companies that sell auto insurance. PartnerRe insurance has a financial rating of A+ from A.M. Best.
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UPDATED: Jan 28, 2021
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- PartnerRe Insurance Company focuses on reinsurance.
- They have been growing despite setbacks.
- They do not offer private auto insurance.
Drivers seeking a PartnerRe Insurance Company of New York City car insurance review can benefit from the facts below.
They began in 1993 by reinsuring catastrophe insurance policies. Within three years, PRE was listed on the New York Stock Exchange.
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History of PartnerRe
In 1997 it acquired SAFR, a reinsurer based out of Paris and in 1998 it acquired Winterthur Re, another reinsurance company.
A strong start and fast growth may be attributed to the response of PartnerRe in the face of the horrific crisis that affected not just policyholders but everyone else in the United States and worldwide.
The year 2001 was difficult for PartnerRe Insurance Company as it paid out $400 million in response to the 9/11 terrorist attacks.
By the time it had its 10th anniversary in 2003 PartnerRe Ltd had over $10 billion in assets, only to be faced with the devastation of Hurricane Katrina in 2005 with over $510 million in claim payouts.
Bouncing back a few years later, in 2009 it took on yet another acquisition, this time, Paris Re, a reinsurer based out of Switzerland. Now PartnerRe Insurance Company continues to operate worldwide.
In addition to property and casualty, PartnerRe Ltd reinsures:
- Special risks
- Life/annuity and health
While PartnerRe Insurance Company of New York writes policies through brokers as well as direct markets overseas, in the United States they are only able to write through brokers.
For car insurance, PartnerRe is able to underwrite business lines for personal and commercial cars.
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