Company Profile For Paris Re Holdings Ltd.

Paris Re Holdings Ltd. (PRI.PA) (Paris Stock Exchange)

sector: Financials · industry: Reinsurance ·

As of 24 Nov 2009

15.45EUR

Price Change

+0.00

Percent Change

+0.00%

Analyst Recommendations

Overview

Paris Re Holdings Ltd, formerly AXA RE, is a Switzerland-based non-life reinsurer listed on the Euronext Paris Stock Exchange. The Company provides reinsurance solutions in six lines of business: property, casualty, marine, aviation and space, facultative, credit and surety, and life, accident and health. The Company conducts its operations worldwide principally through operating subsidiaries and branches in Switzerland, France, the United States, Singapore and Canada. The Company's subsidiaries include Paris Re Luxembourg Sarl, Paris Re Holdings France, Paris Re America Insurance Company, Paris Re Switzerland AG and Paris RE Asia Pacific Pte. Ltd. In October 2009, PartnerRe Ltd. acquired 71% interest in Paris Re Holdings Limited.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Paris Re Holding Ltd`s total revenue decreased 5% to $881.6M. Net income for the period increased from $1.8MM to $114.2M. Total revenue reflects decreased demand for the Company's products and services in the Casualty, Marine/Aviation/Space, Credit/Surety and Facultatives business segments. Net income benefited from decreased commissions costs and lower amounts of claims paid.