Bermuda domiciled reinsurer PartnerRe has announced that Enrico Vellano, the Chief Financial Officer (CFO) of Exor, will succeed John Elkann as a representative on the PartnerRe Board of Directors, effective February 18th, 2021.
Vellano’s professional career began in 1992 with Arthur Andersen. Three years later, he joined SAI Assicurazioni where he specialized in the management of equities and bonds portfolios.
In 1997 he commenced his working experience at IFIL, an investment firm controlled by the Agnelli Family and over the past 24 years, has held roles of increasing relevance until his appointment as CFO in 2006.
Commenting on the appointment, Elkann, Chairman and Chief Executive Officer (CEO) of Exor, which owns PartnerRe, said: “It has been my privilege to serve on the Board of PartnerRe Ltd. for the past 5 years.
“Under the leadership of Brian Dowd as Chairman and Jacques Bonneau as President and CEO, PartnerRe is in excellent shape for the next phase of its development: the recent appointments both at the Board level and in the management team have strengthened the Company, which now boasts a very deep pool of experience, insight and talent.
“Enrico Vellano has been closely involved in all aspects of our investment in PartnerRe since the very beginning and I’m delighted that he is succeeding me on the Board in a further signal of our long-term commitment to the Company and its independent strategy.”
Currently, the PartnerRe Board of Directors is comprised of five directors, three of which are fully independent from the company.