Bermuda-based reinsurer PartnerRe has announced the appointment of Andrew Hughes as its new Chief Executive Officer of Third Party Capital.
Hughes joins from Hiscox ILS having most recently served as managing principal since July 2019.
Before his time at Hiscox ILS Hughes was senior counsel for diversified alternatives asset manager QIC in Australia.
This new Bermuda-based role will see him develop and grow PartnerRe’s third-party capital initiatives.
Hughes reports to PartnerRe President and CEO Jacques Bonneau as a member of the company’s executive leadership team.
“Growing our third-party capital platform is an important strategic initiative for our Company,” said Bonneau.
“We are committed to further developing our current platform to provide aligned insurance-linked investment solutions for institutional investor clients leveraging our deep underwriting and distribution capabilities.
“Growing this aligned capability will allow us to continue to develop and strengthen our relationships with our insurance clients and brokers.
“Andrew’s experience and track record in capital raising, structured finance, alternative investment assets, ILS operations, and governance, along with his broad network of contacts will bring the added strength needed to continue to build our strengths in this important area.”
