SUSEP approves PartnerRe as an admitted reinsurer
Partner Reinsurance Europe Limited has received approval from the Brazilian reinsurance authority SUSEP as an admitted reinsurer.
PartnerRe's decided last April to set up a representative office in Sao Paulo.
PartnerRe President and CEO Patrick Thiele said, "We are very pleased to have this final approval from the Brazil reinsurance authority. As an admitted reinsurer we will be in an even better position to serve our Brazil-based clients with our capacity and expertise."
PartnerRe Ltd's total revenues, for the year ended December 31, 2007, were $4.2 billion. At March 31, 2008, total assets were $17.3 billion, total capital was $5.3 billion and total shareholders' equity was $4.5 billion.