PartnerRe has announced organizational changes, following the acquisition of PARIS RE while maintaining its existing business unit-based operating structure, consisting of three operating units, PartnerRe North America, PartnerRe Global and PartnerRe Capital Markets led by its existing management team.
The PartnerRe Global, which includes reinsurance written outside the US and Canada, will expand its business unit structure to include a new facultative unit. The new facultative business unit will be led by Dom Tobey, who joined PartnerRe in 2001 and was the former head of risk management and reserves. He will report to Emmanuel Clarke, deputy CEO of the company.
Michel Plecy, formerly head of treaty underwriting and marketing at Paris Re, will be appointed as deputy CEO, global and oversee the catastrophe and global P&C business units and Emmanuel Clarke, head of the specialty lines business unit, will also be appointed deputy CEO, global, and will oversee the specialty lines and facultative business units.
Christophe Boizard, chief financial officer of PARIS RE, will join the executive management team for PartnerRe Global. All new positions will report to Costas Miranthis, CEO of PartnerRe Global.
PartnerRe US will expand to include Canada business and will become PartnerRe North America. PartnerRe’s Canada operations, formerly part of the Global P&C business unit will combine with the Paris Re Canada operations, and will become one business unit.
The Canada business unit will be led by Herve Castella. He joined PartnerRe in 1999 and has held the positions of underwriter in its ART unit and head of research for the catastrophe unit. He will be based in Toronto and will report to Tad Walker, president and CEO, PartnerRe North America.
Patrick Thiele, president and CEO of PartnerRe, said: “On July 1, we will be operating as one integrated group. These organizational changes reflect the increased depth and breadth of the re-sized PartnerRe – a larger, stronger and more stable reinsurer, with the same consistency, responsiveness and continuity that our clients have come to expect.”