10 January 2024News

PartnerRe CEO Bonneau set to retire

PartnerRe chief executive officer Jacques Bonneau, who oversaw the company’s purchase by French insurance group Covéa, is set to retire from the company later this year. 

He will be succeeded by Philippe Meyenhofer, currently its CEO for specialty lines. 

Bonneau will retire on April 1, giving time to transition to Meyenhofer, who will continue to be based in Zurich, and Jon Colello, CEO, US property and casualty, who will become president. 

 “On behalf of the Board, I would like to express our gratitude and appreciation to Jacques for his stewardship as CEO and President over the past three and a half years,” said Thierry Derez, PartnerRe chairman. “Under his leadership, the company’s business, strategic positioning, financial results, and operational excellence have been strengthened in important ways. 

“Jacques also led the successful transition to Covéa ownership. Jacques has been a very dedicated and strong leader and we wish him all the best in his retirement.”

Meyenhofer joined PartnerRe in 2010 and became a member of the executive leadership team and CEO, of specialty lines. He was appointed to head of specialty casualty PartnerRe Global in 2013, to head of Europe P&C in 2016, and gained the additional responsibility of deputy CEO P&C in 2018. 

Colello is a member of PartnerRe’s executive leadership team and has had executive responsibility for leading PartnerRe’s property & casualty business in the US, Canada and Latin America, and for the company’s health business in the US since joining the Company in 2019. He will continue to be based in Stamford, Connecticut.

Derez said: “The fact that we are in the position to appoint PartnerRe’s next CEO and President from within the Company speaks to the strength and depth of talent in the organisation. 

“Together, Philippe and Jon bring a wealth of industry experience, proven business and leadership skills, and strong track record in underwriting combined with a deep knowledge of PartnerRe' clients, brokers and employees.”

Bonneau said: “I am proud of what we have achieved and the progress we’ve made in our various business and support units and operations with the improvement in our executional performance and delivery for our numerous stakeholders. 

“I am confident PartnerRe is well positioned for future success and Philippe, Jon and the Executive Leadership Team provide continuity with their in-depth knowledge and insight of PartnerRe’s people and business.”

Effective immediately, Christian Mitterer assumes executive responsibility for specialty lines as CEO, specialty lines and Ingrid Gjonaj joins the Executive Leadership Team as CEO, P&C EMEA. 

Mitterer is a member of the executive leadership team and has served in various senior roles since joining PartnerRe in 2012, most recently as CEO P&C EMEA. Gjonaj started with PartnerRe in 2006, and during this time, she has held senior positions in legal, and underwriting in specialty casualty, P&C and currently serves as head of region, Western and Southern Europe.




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22 December 2022   The reinsurer is targeting direct property/casualty insurance lines in the US market.
article
9 November 2021   First results since sale announced suggest strong performance.