AM Best revises PartnerRe ratings
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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