Pacific Life Re, the global reinsurer and wholly owned subsidiary of Pacific Life, has reshuffled its organisational structure to move from a geographical-based to a product-based management structure, with two global lines of business: protection and savings & retirement.
This move aims to better support its clients and achieve its ambitious growth plans while allowing the business to continue to grow its reinsurance portfolio by focusing on solving the needs of its clients across all markets.
Dave Howell, Chief Executive Officer, Pacific Life Re, commented, “This is a significant and exciting change for the business. We have grown tremendously over the years thanks to the strong relationships with our clients. However, we also recognise that the insurance market is constantly evolving, and we need to adapt to meet growing demands.”
Andrew Gill will run the global protection business. He is an existing executive committee member who previously held the role of Executive Vice President for Asia and Australia.
The savings and retirement business, which includes existing longevity and global funded solutions (GFS) work, will be managed by Phill Beach who has led the growth of the GFS business, he will also join the executive committee.
Howell concluded, “The new structure will allow the company to better leverage its global expertise and best practices within each line of business, respond faster and more competitively to market opportunities, and create more career development opportunities for our people.”
