PartnerRe Ltd, the Bermudian-based global re/insurer, has appointed an independent voice to its board of directors.

The company said António Horta-Osório has been appointed as an independent director, effective today, and will be chairman of the investment committee and a member of the underwriting and risk committee.

PartnerRe said Mr Horta-Osório is the chairman of Credit Suisse’s board, having been appointed last month.

Previously, he served on the board of Exor NV as a non-executive director from July 2015 until this month, as group chief executive of Lloyds Banking Group and as an executive director on the board from 2011 until last month. Exor owns PartnerRe.

Prior to that, he was the chief executive of Santander UK plc and executive vice president of Grupo Santander.

Brian Dowd, chairman of PartnerRe, said: “On behalf of the board, Jacques Bonneau and I are pleased to welcome António. His experience in the financial services sector spans over 34 years and he brings a depth and breadth of expertise that will further enhance the strength of the PartnerRe board.”

With this change, the PartnerRe board comprises six directors of whom four are independent from the company.