Bermudian-based global reinsurer PartnerRe is to reorganise its property and casualty business segment into a regional structure, effective April 1.
The changes, announced today, will give the company three distinct P&C regional units: Americas, Europe, Middle-East and Africa (EMEA) and Asia-Pacific, reporting directly to Emmanuel Clarke, president and chief executive officer.
Mr Clarke said: “We are further evolving our P&C structure. As a result of these changes, P&C will have a flatter organisational structure, further enabling us to increase agility in the way we run our P&C business and customise our approach to our clients and brokers around the world. I will assume direct oversight of the P&C business, including the three P&C business regional units.”
In tandem with the restructuring announcement, the company announced four appointments to PartnerRe’s executive leadership team.
Philippe Meyenhofer, currently deputy chief executive officer, P&C and head of P&C Europe will lead the EMEA regional unit. Mr Meyenhofer, who joined PartnerRe in August 2010, has led P&C Europe since July 2016 and was appointed as deputy CEO, P&C in December 2018.
James Beedle will continue in his role as head of P&C Asia-Pacific and CEO of Partner Reinsurance Asia Pte Ltd, the company said. Mr Beedle will also assume executive responsibility for the global clients and broker management unit. Mr Beedle joined PartnerRe in January 2017 in his current role. Previously, he was senior managing director of Willis Re Asia-Pacific.
The Americas division will be led by a newly appointed executive, for whom a search is currently under way, the company said. In the interim, Jon Schriber, head of structured risk North America, will assume responsibility for the company’s P&C North America unit.
The company also announced that Greg Haft will be appointed CEO for specialty lines. Since January 2018, Mr Haft has held the position of deputy CEO of specialty lines and has led the company’s property, marine and energy unit. Mr Haft was previously head of global cat, and property North America since 2016. He will retain the responsibility of the PME unit in addition to becoming CEO of specialty, the company said.
Mr Clarke said: “I am pleased to promote Philippe, James and Greg from within, all strong and capable leaders. Each has been successful in both leading their businesses as well as their teams and I look forward to working with them on the executive leadership team.”
As part of the reorganisation, the company said that it and Charles Goldie, CEO P&C, have agreed that he will leave the company.
Mr Clarke said: “I would like to thank Charlie for his significant contribution to the organisation over the past 17 years. Charlie has been an important part of PartnerRe’s success, particularly growing our specialty business into one of the best portfolios and platforms in the industry.
“His strategic and intellectual capabilities have made him a valued member of the executive leadership team and I wish him the very best in his next endeavours.”