Parterre Insurance Company of New York Auto Insurance Review

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For New York residents, here is a review of Parterre Insurance Company of New York Auto Insurance.

Parterre Insurance Company of New York Auto Insurance review was established in 1993 and is a global reinsurance company that sells affordable auto insurance in the United States.

More than half of its sales are managed through brokers, while the remaining percent of its sales are done through direct sales.

Paterre Insurance Company of New York Auto Insurance is more than just reinsurance policies — they also assist their investors in understanding:

• Capital markets
• Aid companies in managing investment risks and insurance coverage
• Property and casualty insurance
• Catastrophe insurance
• Specialty lines of insurance
• Life insurance
• Alternative risk transfer

Auto owners looking into policies with Parterre Insurance Company of New York City can benefit from the below facts:

• Within three years of it’s founding, Parterre was listed on the New York Stock Exchange
• In 1997 it purchased SAFR, a reinsurer based out of Paris, France
• In 1998 it purchased Winterthur Re, an additional reinsurance company
• By its 10th anniversary, PartnerRe Ltd had more than $10 billion in holdings
• In 2009 it purchased Paris Re, a reinsurer in Switzerland
• As of today, Parterre Insurance Company has over $24 billion in holdings and continues to operate and grow worldwide

In addition to property and casualty insurance, PartnerRe Ltd offers:

• Agriculture insurance coverage
• Aviation/space insurance coverage
• Catastrophe insurance coverage
• Credit/surety insurance coverage
• Energy insurance coverage
• Engineering insurance coverage
• Special risks insurance coverage
• Life/annuity and health insurance coverage
• Marine insurance coverage
• Motor insurance coverage

PartnerRe Insurance Company Operations
Its 17 main offices are located around the world:

• Washington, DC
• Greenwich, CT
• Miami, FL
• Bermuda
• Paris, France
• Dublin. Ireland
• Hong Kong
• Zurich, Switzerland
• Singapore
• Tokyo
• Seoul, Korea
• Beijing, China
• Toronto, Canada
• Mexico City, Mexico
• Santiago, Mexico
• San Paulo. Brazil

Because PartnerRe operates in so many separate markets, it concentrates on insurance coverage choices that are universal, such as:

• Casualty business insurance
• Auto insurance
• Aviation insurance
• Catastrophe insurance
• Surety insurance
• Credit insurance
• Engineering insurance
• Energy insurance
• Special risk insurance
• Life insurance
• Health insurance

PartnerRe also offers insurance policies for marine and agricultural necessities in both foreign and domestic markets that concentrate on those business industries.

PartnerRe Insurance Company Financial Picture
PartnerRe has consistently been rated by A.M. Best and received an “A+” rating, which is a superior rating.

PartnerRe has also been ranked by A.M. Best in the $2 billion or more category of financial assets and stability. When reading PartnerRe’s holdings profile, it is evident that this category, although it is accurate, does not indicate the $18 billion in holdings that PartnerRe has currently acquired.

PartnerRe’s $18 billion in holdings is financed and invested through their Capital Market division. The company cautiously invests their holdings to return the greatest amount of profit without risking too much. They alter their acquisitions to encompass low medium, and high risk choices. PartnerRe realizes that keeping a large sum in the holdings division equals more trust with clients but that investing to maximize assets is important as well.

PartnerRe Insurance Company Investors
PartnerRe is a publicly traded company, so investor relations is a key factor to the company. They attempt to make sure that the company’s holdings and businesses increase by at least 5% each year so investors will see a profit return and potential new investors will be attracted to the company.

PartnerRe has specified its growth goal at 5%, but has maintained a 13% growth each year for the last five years running. This has given rise to great shareholder gratification and has also resulted in a lot of new investors for the company.

Because it is a worldwide company, it is also available for purchase on Euronext, which is the European variant of the New York Stock Exchange.

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Reports

PartnerRe’s shareholders receive quarterly and half year reports so investors can see what is currently going on within the company. When losses are reported for one particular quarter, the stocks show growth in the next quarter that cancel out the losses. These detailed reports let shareholders and investors make educated decisions when in comes to PartnerRE.

Company Information

Parterre Insurance Company of New York Auto Insurance is located at:

One Greenwich Plaza
Greenwich, CT 06830

Phone: 203-485-4200

For more information, you can visit the company’s website anytime. Parterre has an A.M. Best rating of A+. They were established in 1993. Be sure to enter your ZIP code into the FREE car insurance comparison tool for the best rates!