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In August 1992 Hurricane Andrew lashed the Caribbean and the Gulf Coast of the United States, causing 26 deaths, and property damage of $26.5 billion in the United States alone.
A further $650 million was raised from the IPO conducted in November 1993, and other investors made up the balance.
PartnerRe was established in 1993, in the aftermath of Hurricane Andrew, to bring much-needed capacity to a market in crisis, helping insurers to provide continuity to their clients.
In November 1996, PartnerRe was also able to secure a coveted spot on the New York Stock Exchange.
1997 PartnerRe acquires SAFR, expanding its scope of business from specialized catastrophe to multiline reinsurer.
1998 PartnerRe acquires Winterthur Re, solidifying its position as a new leading global reinsurer.
In 1998 the amount of premiums doubled to $427.8 million and revenues followed suit, increasing to $615.7 million.
In 1999 Swiss Re attempted to circumvent the stand-still agreement that had been put in place as part of the SAFR acquisition.
The Winterthur assets were integrated by the start of the second quarter of 1999.
The year 2000 was marked by the retirement of its founding CEO at year's end.
2001 PartnerRe proves its stability and financial security despite sustaining $347 million in losses due to the 9/11 terrorist attacks.
"From Small Beginnings, An Insurance Powerhouse," Royal Gazette, August 23, 2003.
By 2004 net premiums increased to nearly $3.9 billion, while revenues grew to $4.2 billion and net income soared to $492 billion.
The company rebounded strongly in 2006, recording nearly $271 million in net income through the first six months.
2008 PartnerRe produces strong operating results against the backdrop of the global financial crisis and the third-worst year in history for catastrophes.
2009 PartnerRe becomes a top-five reinsurer worldwide following the acquisition of Paris Re.
2012 PartnerRe expands its specialty capabilities and product diversification with the acquisition of Presidio – a leading accident and health underwriter.
2016 PartnerRe acquired by EXOR, one of Europe’s leading investment companies.
2017 PartnerRe acquires Aurigen, a leading North American life reinsurance company.
"PartnerRe Ltd ." International Directory of Company Histories. . Retrieved June 22, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/partnerre-ltd
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