Bermuda-based reinsurer PartnerRe has appointed Nicholas Hughes as head of retrocession, as well as two additional new hires within its retrocession team.
Based in PartnerRe’s Bermuda office, Hughes will continue to report to Greg Haft, CEO global catastrophe.
He most recently served as head of global catastrophe at PartnerRe, having joined the company in 2008.
Aaron Coates and Guy Hengesbaugh will also be joining PartnerRe’s retrocession team as assumed retrocession underwriters.
Coates, whose appointment is effective November 7, will relocate to Bermuda from his previous role at Twelve Capital as executive director, ILS sourcing.
Hengesbaugh joins on a consultancy basis and brings over 35 years of reinsurance experience, having most recently served as managing director at Guy Carpenter Bermuda. His appointment is effective October 1.
“I am excited to welcome Aaron and Guy to the PartnerRe team,” said Haft.
“As the catastrophe market shifts, we anticipate an increasing demand in the retrocession space for known and trusted providers with well-rated paper.
“We are thus adding to our incumbent talent to build a powerhouse retro team under Nick’s leadership, to fill this important market need.”