October 26, 2020
Pembroke, Bermuda, October 26, 2020 – PartnerRe is pleased to announce today that it has established a new partnership with Ladder.
Founded in 2015, Ladder has pioneered the use of machine learning to fully and instantly underwrite life insurance online. The result is a streamlined, ten-minute digital process and affordable pricing to help modern consumers care for their families.
“We could not be more excited for the opportunity to work with the team at Ladder and their existing partners. The progress that they have made together is impressive and we’re eager to contribute, and support Ladder’s future growth” said Chris Shanahan, President of PartnerRe Life Reinsurance Company of America. “We believe that innovation is fundamental to our industry’s ability to meet consumers’ needs and this new partnership underlines our commitment to supporting our clients as they evolve to grow their business.”
Jaime Hale, CEO of Ladder commented, “We’re proud to be extending our reinsurance relationships through a new partnership with PartnerRe. True innovation in life insurance must happen on all fronts — great risk, great pricing, great customer experience. We’re thrilled about the things we can achieve in working together.”
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, 2019, total revenues were $7.9 billion. At June 30, 2020, total assets were $25.2 billion, total capital was $8.3 billion and total shareholders’ equity was $6.9 billion. PartnerRe maintains strong financial strength ratings as follows: A.M. Best A+ / Moody’s A1 / Standard & Poor’s A+.
Ladder has reinvented life insurance to be simple and smart. Users can apply online in just a few minutes and find out if they’re instantly approved. There are no hidden fees or commissions — just great prices and flexible coverage. Founded in 2015, Ladder leverages ML to structure risk in real time and foster innovation through data. Visit ladderlife.com to learn more.
|Media Contact: Elizabeth Deacon|