PartnerRe Named America’s Most Trustworthy Financial Company by Forbes
August 31 2015 - 1:15PM
Business Wire
PartnerRe Ltd. (NYSE:PRE), a leading international reinsurer,
has been recognized by Forbes magazine as America’s Most
Trustworthy Financial Company. This is a yearly ranking that
includes publicly-traded North American companies of all sizes and
industries.
Forbes partnered with MSCI ESG Research to develop the list,
analyzing the accounting and governance behaviors of over 700
companies, including factors such as high-risk events, revenue and
expense recognition methods, SEC sanctions, and risk of bankruptcy.
With an average AGR (“Aggressive Accounting and Governance Risk”)
score of 97 over the last 4 quarters, PartnerRe ranked the highest
out of all large cap companies considered.
According to Forbes, the ranking indicates companies where there
is, “a very high level of integrity in the financial reporting,
whether the results are good or bad. These pass a very rigorous
test.”
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, multi-line and other lines in its Non-life operations,
mortality, longevity and accident and health in its Life and Health
operations, and alternative risk products. For the year ended
December 31, 2014, total revenues were $6.5 billion. At
June 30, 2015, total assets were $22.5 billion, total capital
was $7.9 billion and total shareholders’ equity attributable to
PartnerRe was $7.1 billion.
PartnerRe on the Internet: www.partnerre.com
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version on businesswire.com: http://www.businesswire.com/news/home/20150831006008/en/
PartnerRe Ltd.Investor: Robin SiddersMedia: Celia
Powell441-292-0888orSard Verbinnen & CoDrew Brown/Robin
Weinberg212-687-8080
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