PartnerRe Ltd. Board of Directors Authorizes Repurchase of up to 6 Million Shares

Before you go, we thought you'd like these...
Before you go close icon

PartnerRe Ltd. Board of Directors Authorizes Repurchase of up to 6 Million Shares

PEMBROKE, Bermuda--(BUSINESS WIRE)-- PartnerRe Ltd. (NYS: PRE) today announced that its Board of Directors has approved a share repurchase authorization for a total of up to 6 million common shares, effective immediately.

This authorization supercedes the Company's previous authorization of August 2012. From time to time, and depending on market conditions, the Company will continue the repurchase program in open market or privately negotiated or structured transactions.


PartnerRe Ltd. is a leading global reinsurer, providing multi-line reinsurance to insurance companies. The Company, through its wholly owned subsidiaries, also offers capital markets 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, multiline and other lines in its Non-life operations, mortality, longevity and accident and health in its Life operations, and alternative risk products. For the year ended December 31, 2012, total revenues were $5.6 billion. At December 31, 2012, total assets were $23.0 billion, total capital was $7.7 billion and total shareholders' equity was $6.9 billion.

PartnerRe on the Internet:www.partnerre.com



PartnerRe Ltd.
(441) 292-0888
Investor Contact: Robin Sidders
Media Contact: Celia Powell
or
Sard Verbinnen & Co
(212) 687-8080
Drew Brown/Daniel Goldstein

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article PartnerRe Ltd. Board of Directors Authorizes Repurchase of up to 6 Million Shares originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners