PartnerRe Ltd. announced the formation of a new organizational structure designed to make it easier for clients to do business with the company.
“The restructuring of PartnerRe’s business is aimed at better aligning its global expertise with the needs of its client base,” the company said in a statement.
“As part of a process to review how to best serve our clients and brokers, we have taken the time to listen to what they need and the demands they face,” said Emmanuel Clarke, president and CEO of PartnerRe.
“As a result, we have implemented changes to our structure to make it easier for our partners to do business with us,” he added.
Effective today, PartnerRe’s business units have been consolidated into three important worldwide business segments:
Property & Casualty, led by Tad Walker
Specialty Lines, led by Charles Goldie
Life & Health, which continues to be led by Marvin Pestcoe
The Property & Casualty segment “will provide holistic access” to property/casualty risks, including property catastrophe and facultative through five regional units: North America; Europe; Asia; Latin America; and Middle East, Africa & Russia, said PartnerRe.
The Specialty Lines segment will “leverage the company’s deep technical expertise on a worldwide basis through a centralized specialty unit offering specialty lines treaty and facultative solutions.”
The Life & Health segment will operate as a worldwide specialist unit, taking an integrated approach to client needs, it continued.
Clarke noted that these changes are part of an ongoing evolution at the company.
“With a highly diversified product offering of non-life and life reinsurance worldwide and solid financial strength, PartnerRe is already well positioned to meet our clients’ evolving reinsurance needs,” he said.
“Over time, our clients will also experience PartnerRe as an organization that lives up to its name – able to build meaningful partnerships that help our clients address their risk needs and grow their business,” Clarke went on to say.
Source: PartnerRe
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