Bermuda-based reinsurer PartnerRe has announced an adjustment to the responsibilities of executive leadership within Specialty Lines and has created the role of Chief Executive Officer for Global Cat.
Effective June 1, Greg Haft will assume the role of CEO Global Cat.
This newly created position will see him bring together the company’s centrally managed property cat portfolio and the group cat technical functions of research, modeling and portfolio management.
Haft is currently CEO of Specialty Lines and a member of the Executive Leadership Team.
Philippe Meyenhofer has been appointed Haft’s replacement as CEO of Specialty Lines.
Meyenhofer joined PartnerRe in 2010 and most recently served as Head of P&C Europe.
“Specialty Lines and Global Cat are critical to our performance and success as a global diversified reinsurer, with unique leadership requirements,” said PartnerRe CEO Emmanuel Clarke.
“Going forward, as markets improve, we need to ensure the Specialty book can deliver sustainable profitability and we can fully leverage our expertise and relationships to grow profitably in this diverse segment.
“Philippe has a proven track record of leading technical, complex businesses and has the skills needed to lead this unit.
“At the same time, the newly created Global Cat unit will enhance our ability to deploy our Cat capacity with a more centralized steering of our portfolio management.
“Greg’s deep knowledge of the catastrophe business, his franchise in the Cat market and his experience in leading our Cat unit make him the right choice to help advance our strategy and performance.”
Christian Mitterer, currently Head of Specialty Casualty in P&C EMEA, will assume the role of Head of P&C EMEA, reporting to Clarke.
Mitterer has been leading PartnerRe’s Specialty Casualty unit within P&C EMEA since 2016.
Nick Hughes, Head of Global Cat, will report to Haft and will be responsible for an expanded Cat portfolio, including US Cat as well as specific, large monoline relationships.
Joe Hooks, head of the North America Cat team, will report to Hughes.
With these changes, the composition of the company’s Executive Leadership Team remains the same.
Clarke added, “I am pleased we can fill these roles with our existing talent and leadership. As a result, this allows us to act now, ensuring we are well positioned as we respond to a fast-improving market, with leaders who are well known to the organization and our business partners.”
