PartnerRe promotes new life and health CEO

Bermuda-based reinsurer PartnerRe has appointed a new chief executive officer of its high performing life & health segment.

Chris Shanahan (pictured) will succeed Marc Archambault, who is retiring. Shanahan will join PartnerRe’s executive leadership team, effective January 1.

Phillipe Meyenhofer, CEO PartnerRe, said: “Chris’s deep technical expertise, industry knowledge, and collaborative leadership style make him a valuable addition to our leadership team. 

“I would like to personally acknowledge and thank Marc for his invaluable contributions and the strong foundation he leaves behind, positioning us well for future growth and as a preferred reinsurance partner to our clients.”

Life and health has been a strong segment for PartnerRe. It had an underwriting profit of $108 million in the first half of the year compared to $78 million in the first half of 2023 while premium volume grew by 19.6% in the same period. 

Archambault, who is based in Zurich, was CEO for life and health from 2017. He joined PartnerRe from SCOR, where he was CEO if its Asia Pacific global life segment. 

Shanahan has been CEO, North America Life, for PartnerRe since 2021 and first joined the re/insurer in 2018. 

He was previously executive vice president, mortality solutions for Hannover Re from 2009 to 2018. 

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