Montupet Elected as New PartnerRe Board Chairman

May 12, 2010

Bermuda-based PartnerRe Ltd. announced today that, Jean-Paul Montupet has been named as Chairman of its Board of Directors, following his re-election as a Director. He replaces John Rollwagen, who was also re-elected as a Director and will remain a member of the Board.

Montupet joined the PartnerRe Board in 2002 and has served on the Nominating and Governance, Risk and Finance, Human Resources and Compensation Committees. He has been an Executive Vice President of Emerson since 1990, and he is currently in charge of the Industrial Automation Business and of Emerson Europe; he is also an advisory Director of Emerson. Montupet is also a Director of Lexmark International, Inc.

Rollwagen commented, “Following nine years of progressive growth in strength and position for PartnerRe, I am ready to hand over the position of Chairman. In the three terms I’ve served in this role, I am most proud of the work the Board has undertaken to fully develop our corporate governance practices. I would like to express my appreciation to my Board colleagues for their active participation in this process and for their support during my tenure. Going forward, I have every confidence that Jean-Paul will lead the Board effectively through the next important phase of the company’s life.”

Montupet thanked Rollwagen for his “excellent stewardship over the past nine years.” He also noted that “following the acquisition of PARIS RE and against the backdrop of changes in the industry, the next few years will be critical in PartnerRe’s evolution. I look forward to continuing the work we have initiated at the Board level to address the opportunities ahead. In the position of Chairman, I know I will benefit from the expertise and insight that exists among my fellow Board members.”

Source: PartnerRe

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