June 6, 2018
PEMBROKE, Bermuda, June 6, 2018 – PartnerRe Ltd. today announced the acquisition of the assets of Claim Analytics, a Canadian based provider of predictive analytics solutions to the insurance industry.
Since its formation in 2001, Claim Analytics has provided predictive modeling solutions to the insurance industry in North America. The company is uniquely positioned in that it has successfully combined experienced actuaries with experts in data analytics to deliver innovative predictive solutions.
Emmanuel Clarke, President and CEO of PartnerRe said, “We are very pleased to announce the addition of this leading provider of predictive modeling solutions to our existing predictive capabilities. This acquisition strengthens our product offering predominantly in Life and Health, an important strategic area of diversification and growth for the company, and aligns with PartnerRe’s overall client focused strategy.”
Mr. Clarke added, “PartnerRe has successfully brought its predictive analytics capabilities to clients and helped them to better develop and manage their business. This acquisition builds on that success. The improved prediction capability will expand our product offering and enables us to provide our clients, both in North America and globally, with access to deeper expertise, and a now wider range of predictive solutions tailored to their needs.”
The Claim Analytics employees will join PartnerRe’s existing analytics team, will remain located in Toronto, Canada and will continue to do business as PartnerRe Analytics.
PartnerRe Ltd. is a leading global reinsurer that helps insurance companies reduce their earnings volatility, strengthen their capital and grow their businesses through reinsurance solutions. Risks are underwritten on a worldwide basis through the Company’s three segments: P&C, Specialty, and Life and Health. For the year ended December 31, 2017, total revenues were $5.7 billion. At March 31, 2018, total assets were $23.5 billion, total capital was $8.0 billion and total shareholders’ equity was $6.6 billion. PartnerRe enjoys strong financial strength ratings as follows: A.M. Best A / Moody’s A1 / Standard & Poor’s A+.
PartnerRe on the Internet: www.partnerre.com
|Media Contact: Celia Powell|
Investor Contact: Ryan Lipschutz