31 August 2018News

PartnerRe announces board changes

PartnerRe has announced that as from September 1, 2018, Brian Dowd will succeed John Elkann as chairman of the company’s board of directors. Elkann, who is chairman and chief executive officer (CEO) of EXOR, will remain on the Board.

“Over the past two years, under Emmanuel Clarke’s leadership, our company has performed strongly notwithstanding challenging market conditions,” said Elkann. “Our new chairman Brian Dowd brings with him deep, relevant experience to a further strengthened board and leadership team, moves which confirm our commitment as EXOR to build an even more successful PartnerRe.”

The company also announced that Nikhil Srinivasan will step down from the board in order to assume the role of chief investment officer, subject to customary governmental approvals. Srinivasan will report to president and CEO Emmanuel Clarke and will join the company’s executive leadership team.

Clarke commented, “As a director since August 2016, Nikhil has been a great contributor to our company’s progress, and has provided valuable insight for our investments. I am confident that his extensive career experience in investments will contribute further to the success of our investment operation.”

Srinivasan succeeds Andrea Casarotti who will assume the new position of head of corporate planning, also reporting to Clarke, subject to Bermuda immigration approval.

In addition as from September 1, 2018, Mary Ann Brown will join the board as an independent director. Brown retired from her executive management role at Pacific Life Insurance Company in 2017, where she most recently was chair of Pacific Life Re.




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More on this story

News
24 October 2018   Founded in 1993, PartnerRe has seen great change in the reinsurance landscape—and has itself evolved along the way. Now that the company is privately owned by Italian investment fund EXOR, CEO Emmanuel Clarke describes to Bermuda:Re+ILS the new journey PartnerRe has embarked on—and why this sets it apart from the pack.
News
30 July 2018   PartnerRe has reported that it made a profit of $125 million for the second quarter of 2018, a 35 percent fall from the $191 million it made over the same period of 2017.
News
18 June 2018   AM Best has revised the outlooks to positive from stable and affirmed the financial strength rating (FSR) of A (Excellent) and the long-term issuer credit ratings (long-term ICR) of “a+” for most of the operating subsidiaries of PartnerRe, collectively referred to as PartnerRe.