PartnerRe plans to reorganize its Property & Casualty arm into a regional structure and will make several changes to its executive leadership team as part of that process.
Effective April 1, 2019, PartnerRe’s P&C business will be reorganized into three distinct regional units: Americas; Europe, Middle-East and Africa (EMEA); and Asia-Pacific. They’ll reporting directly to PartnerRe President and CEO Emmanuel Clarke.
Clarke, in prepared remarks, said the changes will give PartnerRe “a flatter organizational structure” that allows it to have more “agility” in the way that it runs its business. As well, the reorganization will let the company customize its approach to clients and brokers globally, he said.
Here’s a breakdown of the corresponding executive leadership changes:
- Philippe Meyenhofer, currently deputy CEO, P&C and head of P&C Europe, will lead the company’s EMEA regional unit. Meyenhofer has held several leadership positions since joining PartnerRe in August 2010. He has led P&C Europe since July 2016 and was appointed as deputy CEO, P&C in December 2018.
- James Beedle will continue as head of P&C Asia-Pacific and CEO of Partner Reinsurance Asia Pte. Ltd. In addition to leading the Asia-Pacific regional unit, Beedle will assume executive responsibility for the Global Clients and Broker Management unit. Beedle joined PartnerRe in January 2017 in his current role. Previously, Beedle 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 underway. In the interim, Jon Schriber, head of Structured Risk North America, will assume responsibility for PartnerRe’s P&C North America unit.
Separately, PartnerRe announced that Greg Haft will be appointed CEO for Specialty Lines. Since January 2018, Haft has held the position of deputy CEO of Specialty Lines and has led its Property, Marine and Energy unit. Before that, Haft was 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.
These four positions will be appointed to the Executive Leadership Team.
As part of the reorganization, PartnerRe and Charles Goldie, CEO P&C, have agreed that he will leave the company.
Clarke said that Goldie has contributed a “significant” amount to the company over 17 years and has helped grow Partner Re’s Specialty business “into one of the best portfolios and platforms in the industry.”