Partner Re shakes up management following retirement

Marvin Pestcoe, currently CEO of Life & Health at Partner Re, has announced his forthcoming retirement. As a result of Pestcoe’s departure on April 15, 2014, CFO Bill Babcock will assume executive responsibility for investments and Emmanuel Clarke, CEO of Partner Re Global, will assume executive responsibility for Life & Health.

Pestcoe will continue his work with the company as a consultant.

PartnerRe president and CEO Costas Miranthis says: “Marvin has been an integral part of PartnerRe’s development—first in establishing our presence in the alternative risk markets, then building the capital assets initiative to a position of strength and finally stewarding the Life & Health operations. In that time, Marvin’s intellect and deep knowledge of our business have been an enormous asset. I am pleased we will continue to benefit from his counsel through our consulting arrangement.”

Miranthis continues, “we are fortunate to have the breadth and depth of management talent to allow us to accommodate Marvin’s retirement. I have worked closely with all the individuals who assume new responsibilities, and I am confident that they have the leadership skills to continue taking Partner Re forward.”