PartnerRe Insurance Company Car Insurance Review [2020]

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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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jan 28, 2021

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Company Details
Address: 1 Greenwich Plaza
City: Greenwich
State: CT
ZIP Code: 06830
Phone Number: 203-485-4200
Year Founded: 1993
AM Best Rating: A+ (Superior)
Company Rating 0 (0 reviews)

Here's what you need to know...

  • 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:

  • Agriculture
  • Aviation/space
  • Catastrophe
  • Credit/surety
  • Energy
  • Engineering
  • Special risks
  • Life/annuity and health
  • Marine
  • Motor

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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References:

  1. https://www.partnerre.com/
  2. https://www.google.com/finance?cid=657126
  3. https://www.investopedia.com/ask/answers/08/reinsurance.asp
  4. https://en.wikipedia.org/wiki/Hurricane_Katrina
  5. https://www.thebalance.com/agents-versus-brokers-and-how-they-make-money-462383

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