PartnerRe changes its organizational structure
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PartnerRe has made some organizational changes, following the acquisition of Paris Re.
Among the changes, the company will maintain its existing business unit-based operating structure, consisting of three major operating units – PartnerRe North America (formerly known as PartnerRe U.S.), PartnerRe Global and PartnerRe Capital Markets – led by the Company’s existing management team. Within that operating structure, the Company will make the following adjustments to align its operations with its expanded market presence. PartnerRe Global, which includes reinsurance written outside the U.S. and Canada, will expand its business unit structure to include a new Facultative unit. This reflects the Company’s increased business, infrastructure and expertise as a result of the combined PartnerRe and Paris Re facultative operations.
Paris Re business sourced outside of the U.S. and Canada will be integrated into one of the five business units within PartnerRe Global: Catastrophe, Global P&C Specialty Lines, Facultative and Life. PartnerRe U.S. will expand to include Canada business and will become PartnerRe North America.
PartnerRe’s Canada operations, formerly part of the Global P&C business unit will combine with the Paris Re Canada operations, and will become one business unit. This change recognizes PartnerRe’s increased presence in Canada and aligns the Canadian business under one North America underwriting and management structure.
The Canada business unit will be led by Hervé Castella. Mr. Castella joined PartnerRe in 1999 and in his time with the Company has held the positions of underwriter in the Company’s ART unit and Head of Research for the Catastrophe unit. Most recently, he has held the position of Head Account Executive. Mr. Castella will be based in the Toronto office and will report to Tad Walker, President and CEO, PartnerRe North America.
With the addition of Canada and the former PARIS RE U.S. business, the PartnerRe North America operations will increase in size and will consist of four business units: Standard Lines, Specialty Lines, Managed Programs and Canada.
