Gerhardt to leave following PartnerRe acquisition of PARIS RE

PartnerRe also announced changes to its management structure to accommodate the new European-based business.

The company will maintain its existing business unit-based operating structure that comprises three major operating units: PartnerRe North America (formerly known as PartnerRe U.S.), PartnerRe Global and PartnerRe Capital Markets.

Within that operating structure, however, the company said that PartnerRe Global, that includes reinsurance written outside the U.S. and Canada, will expand to include a new facultative unit.

“This reflects the company’s increased business, infrastructure and expertise,” as a result of the combined PartnerRe and PARIS RE facultative operations said the group.

hide

The new facultative business unit will be led by Dom Tobey, who joined PartnerRe in 2001 and was the former Head of Risk Management and Reserves for PartnerRe Global.

PARIS RE business sourced outside of the U.S. and Canada will be integrated into one of the five business units within PartnerRe Global. These are Catastrophe, Global P&C, Specialty Lines, Facultative and Life.

The company also said that Michel Plécy, formerly Head of Treaty Underwriting and Marketing at PARIS RE, will be appointed Deputy CEO, Global and oversee the Catastrophe and Global P&C business units. Emmanuel Clarke, Head of the Specialty Lines business unit, will also be appointed Deputy CEO, Global, and will oversee the Specialty Lines and Facultative business units.

Finally, Christophe Boizard, Chief Financial Officer of PARIS RE, will join the executive management team for PartnerRe Global. All of these new positions will report directly to Costas Miranthis, CEO of PartnerRe Global.

Patrick Thiele, President and CEO of PartnerRe Ltd. said: “On July 1, we will be operating as one integrated group. These organisational changes reflect the increased depth and breadth of the re-sized PartnerRe  a larger, stronger and more stable reinsurer, with the same consistency, responsiveness and continuity that our clients have come to expect.”

The new facultative business unit will be led by Dom Tobey, who joined PartnerRe in 2001 and was the former Head of Risk Management and Reserves for PartnerRe Global.

PARIS RE business sourced outside of the U.S. and Canada will be integrated into one of the five business units within PartnerRe Global. These are Catastrophe, Global P&C, Specialty Lines, Facultative and Life.

The company also said that Michel Plécy, formerly Head of Treaty Underwriting and Marketing at PARIS RE, will be appointed Deputy CEO, Global and oversee the Catastrophe and Global P&C business units. Emmanuel Clarke, Head of the Specialty Lines business unit, will also be appointed Deputy CEO, Global, and will oversee the Specialty Lines and Facultative business units.

Finally, Christophe Boizard, Chief Financial Officer of PARIS RE, will join the executive management team for PartnerRe Global. All of these new positions will report directly to Costas Miranthis, CEO of PartnerRe Global.

Patrick Thiele, President and CEO of PartnerRe Ltd said: “On July 1, we will be operating as one integrated group. These organisational changes reflect the increased depth and breadth of the re-sized PartnerRe  a larger, stronger and more stable reinsurer, with the same consistency, responsiveness and continuity that our clients have come to expect.”