PartnerRe Reorganizes Property & Casualty Arm Into 3 Regional Units

March 12, 2019

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:

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.”

Source: PartnerRe