Former US Under-Secretary of State on PartnerRe board
A former official in the administration of US president George W. Bush has been appointed to the board of Partner Re Ltd.
Reuben Jeffery III, appointed as an independent director, served as Under-Secretary of State for Economic, Energy and Agricultural Affairs and as chairman of the Commodity Futures Trading Commission during the Bush Administration.
He is the former president and chief executive of Rockefeller & Co.
Mr Jeffery was also at Goldman Sachs & Co, where he was managing director and head of the European Financial Institutions Group and of the Goldman Paris office. He began his career as a lawyer at Davis, Polk and Wardwell.
Sylvestre Frezal, chief of staff to the CEO of Covéa Group, has also been appointed to the board.
Covéa, the French mutual insurer, completed its $9 billion purchase of PartnerRe from Exor in July.
Mr Frezal joined Covéa in 2018 and has held various positions in the company and in the wider insurance industry.
Before joining Covéa, he worked as an insurance supervisor, was dean of undergraduate studies at Sciences Po Paris, has been widely published on risk and modelling, and held several senior positions at Generali France.
With this change, the PartnerRe Ltd board comprises nine directors, of which four are independent from the company.