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PartnerRe Restructures P/C Business, Makes Changes to Executive Leadership Team.

PartnerRe Restructures P/C Business, Makes Changes to Executive Leadership Team

PartnerRe announced the company will reorganize its Property & Casualty (P&C) business segment into a regional structure while making several changes to its executive leadership team.

Effective April 1, 2019, PartnerRe's P&C business will be reorganized into three distinct regional units: Americas, Europe, Middle-East and Africa (EMEA) and Asia-Pacific, reporting directly to PartnerRe President and CEO Emmanuel Clarke.

As part of the reorganization, the company and Charles Goldie, CEO P&C, have agreed that he will leave the company.

"We are further evolving our P&C structure," commented Clarke. "As a result of these changes, P&C will have a flatter organizational structure, further enabling us to increase agility in the way we run our P&C business and customize our approach to our clients and brokers around the world."

Clarke said he will assume direct oversight of the P&C business, including the three P&C business regional units.

Executive Leadership Team

As a result of the restructuring, PartnerRe has made the following changes to its executive leadership team:

* Philippe Meyenhofer. Currently deputy CEO, P&C and head of P&C Europe, Meyenhofer will lead the company's EMEA regional unit. Meyenhofer has held several leadership positions since joining PartnerRe in August 2010. He has led P&C Europe since July 2016 and was appointed as deputy CEO, P&C in December 2018.

* James Beedle. Continuing his role as head of P&C Asia-Pacific and CEO of Partner Reinsurance Asia Pte. Ltd.., Beedle will assume executive responsibility for the Global Clients and Broker Management unit. Beedle joined PartnerRe in January 2017 in his current role. Previously, Beedle was senior managing director of Willis Re Asia-Pacific.

* Americas division. A search is currently underway for an executive who will lead this division. In the interim, Jon Schriber, head of Structured Risk North America, will assume responsibility for our P&C North America unit.

* Greg Haft. Halt will be appointed CEO for Specialty Lines. Since January 2018, Haft has held the position of deputy CEO of Specialty Lines and has led its Property, Marine and Energy (PME) unit. Prior to that, Haft was head of Global Cat, and Property North America since 2016. He will retain the responsibility of the PME unit in addition to becoming CEO of Specialty.

These four positions will be appointed to the executive leadership team.

"I am pleased to promote Philippe, James and Greg from within, all strong and capable leaders. Each has been successful in both leading their businesses as well as their teams and I look forward to working with them on the executive leadership team," commented Clarke.

"I would like to thank Charlie [Goldie] for his significant contribution to the organization over the past 17 years," said Clarke.

"Charlie has been an important part of PartnerRe's success, particularly growing our Specialty business into one of the best portfolios and platforms in the industry. His strategic and intellectual capabilities have made him a valued member of the executive leadership team, and I wish him the very best in his next endeavors."

Source: PartnerRe

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Title Annotation:Philippe Meyenhofer, James Beedle and Greg Haft
Publication:Insurance Journal
Geographic Code:1USA
Date:Mar 13, 2019
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