PARIS RE

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PARIS RE is a global provider of reinsurance solutions through its operating subsidiaries located in Switzerland, France, the United States, Singapore, Canada and Bermuda. The company operates in all lines of facultative and treaty reinsurance covering property, casualty, marine, aviation & space, credit & surety, life, accident & health as well as a wide range of other risks. At its formation, PARIS RE acquired essentially all of the active business of AXA RE. Based on consolidated financial figures at 31 December 2007, PARIS RE shareholders’ equity amounted to 2.474 billion US dollars. On a 12-month pro forma basis, PARIS RE wrote 1.411 billion US dollars in gross premiums in 2007.

 
 

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Highlights

May 2008

PARIS RE releases 2008 Q1 results

PARIS RE Holdings Limited announces net operating income of US $69.6 million for the first quarter of 2008, representing an increase of 29.5% over the first quarter of 2007.
Book value and tangible book value per share increased 4.1% and 4.9% for the quarter to US $28.22 and US $26.10 as of March 31, 2008.
For more information, please refer to the press release opposite or under Investor Relations.
PARIS RE Holdings Limited held an Analyst conference on 14 May at 2:30 pm CET. The webcast can be accessed through this link and the accompanying presentation is available by clicking 2008 Q1 Results.

April 2008

Publication of 2007 Annual Report

PARIS RE Holdings Limited has published its 2007 Annual Report and 2007 Financial Report comprising its Consolidated Financial Statements. The reports may also be downloaded in French by clicking Rapport annuel 2007 and Rapport financier 2007.

April 2008

Annual General Meeting of Shareholders

PARIS RE Holdings Limited (Euronext: PRI) (“PARIS RE” or the “Company”) announces that the Annual General Meeting of the Company will take place on April 29 at 2pm (CET) and will be held at Casino Zug, Artherstrasse 2-4, 6300 Zug, Switzerland.

For more information, please refer to the press release opposite and to the related documentation under General Shareholders’ Meeting – Preparatory documents in the Regulated Information page.

March 2008

PARIS RE releases 2007 Q4 and full year results

PARIS RE Holdings Limited announces net operating income of US $67.9 million for the fourth quarter and US $271.1 million for the year ended December 31, 2007. Net operating income to average tangible equity amounts to 13.3% for the full year 2007. Book value per share and tangible book value per share increased 12.0% and 16.2% for the year to US $27.12 and US $24.88 as of December 2007.
For more information, please refer to the press release opposite or under All Press Releases.
PARIS RE Holdings Limited held an Analyst conference on 14 March at 1:30 pm CET. The webcast can be accessed through this link.
The full year Consolidated financial statements at December 31, 2007 are also available in English or in French.

February 2008

PARIS RE Holdings Limited reports on the successful migration of its portfolio during the January renewals

PARIS RE Holdings Limited (Euronext: PRI) (“PARIS RE”) announced the successful migration of its portfolio from AXA RE to PARIS RE during the January renewals. Renewals were satisfactory in terms of pricing and in line with PARIS RE’s expectations.

“We are very satisfied with the outcome of renewals at 1 January, as it reflects the highly successful migration of our portfolio from AXA RE to PARIS RE, combined with PARIS RE’s continued focus on underwriting discipline. Our team proactively reduced capacity where underwriting margins were deemed to be inadequate, while also accessing attractive new business. We are also proud of significantly increasing our client base in a challenging environment,” commented Hans-Peter Gerhardt, Chief Executive Officer of PARIS RE.

For more information, please refer to the relevant press release under All Press Releases.


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4 July 2008, 17h35 (GMT+02) PARIS RE (ISIN): 13,95 € (+0,29%)
 
 

Press Releases

3 July 2008

Standard & Poor’s assigns A- rating to PARIS RE Risc Limited and affirms PARIS RE Group rating with stable outlook

Standard & Poor’s assigns A- rating to PARIS RE Risc Limited and affirms PARIS RE Group rating with stable outlook
30 June 2008

PARIS RE Holdings Limited initiates liquidity agreement

PARIS RE Holdings Limited initiates liquidity agreement
16 June 2008

Pierre Mas appointed Director of Investor Relations and External Communications

Pierre Mas appointed Director of Investor Relations and External Communications

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