PartnerRe makes changes to non-life structure
A Bermudian reinsurer has announced changes to the structure and leadership of the non-life side of its business.
PartnerRe has created a new role of chief executive officer of global cat, a post that will be filled by Greg Haft, who is its CEO of specialty lines. He led PartnerRe’s catastrophe unit for five years as head of global cat and property North America, after joining the reinsurer in 2013.
Global cat is a new unit that will bring together the company’s centrally managed property Cct portfolio and the group cat technical functions of research, modelling and portfolio management.
Meanwhile, Philippe Meyenhofer succeeds Mr Haft as CEO of specialty lines. He is currently CEO P&C EMEA.
Both Mr Haft and Mr Meyenhofer will take on their new roles effective June 1.
Emmanuel Clarke, PartnerRe CEO, said: “Specialty lines and global cat are critical to our performance and success as a global diversified reinsurer, with unique leadership requirements. Going forward, as markets improve, we need to ensure the specialty book can deliver sustainable profitability and we can fully leverage our expertise and relationships to grow profitably in this diverse segment. Philippe has a proven track record of leading technical, complex businesses and has the skills needed to lead this unit.”
He added: “At the same time, the newly created global cat unit will enhance our ability to deploy our cat capacity with a more centralised steering of our portfolio management. Greg’s deep knowledge of the catastrophe business, his franchise in the cat market and his experience in leading our cat unit make him the right choice to help advance our strategy and performance.”
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