PartnerRe announced that the company will change responsibilities in its executive leadership for Specialty Lines and will create the new role of CEO Global Cat.
Effective June 1, Philippe Meyenhofer will be appointed CEO Specialty Lines. Currently CEO P&C EMEA and member of the executive leadership team, Meyenhofer joined the company in August 2010 and held several leadership positions prior to his current role. Previously, he was the head of P&C Europe from July 2016 to April 2019.
Also effective on June 1, Greg Haft will assume the role of CEO Global Cat, a newly created unit which will bring together the reinsurer’s centrally managed property catastrophe portfolio and the group cat technical functions of research, modeling and portfolio management.
Haft, currently CEO Specialty Lines and member of the executive leadership team, led PartnerRe’s Cat unit for five years as head of Global Cat and Property North America, after joining the company in 2013.
Christian Mitterer, currently head of Specialty Casualty in P&C EMEA, will assume the role of head of P&C EMEA, reporting to Emmanuel Clarke. Mitterer has been leading PartnerRe’s Specialty Casualty unit within P&C EMEA since 2016.
Nick Hughes, head of Global Cat, will report to Haft and will be responsible for an expanded cat portfolio, including U.S. catastrophe as well as specific, large monoline relationships. Joe Hooks, head of the North America Cat team, will report to Hughes.
“Specialty Lines and Global Cat are critical to our performance and success as a global diversified reinsurer, with unique leadership requirements,” said PartnerRe CEO Emmanuel Clarke.
“Going forward, as markets improve, we need to ensure the Specialty book can deliver sustainable profitability and we can fully leverage our expertise and relationships to grow profitably in this diverse segment,” he continued. “At the same time, the newly created Global Cat unit will enhance our ability to deploy our cat capacity with a more centralized steering of our portfolio management.”
Clarke concluded by saying, “I am pleased we can fill these roles with our existing talent and leadership. As a result, this allows us to act now, ensuring we are well positioned as we respond to a fast-improving market, with leaders who are well known to the organization and our business partners.”
Topics Mergers & Acquisitions Excess Surplus Property Casualty
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