Bermudian reinsurance group Partner Re has appointed former Chubb CUO, Jacques Bonneau as its President and Chief Executive Officer (CEO) following the departure of Emmanuel Clarke.
Mr Clarke has left the company “by mutual agreement” to pursue other opportunities and Mr Bonneau (above) will assume the role with immediate effect.
He has been a member of the PartnerRe Board of Directors since February 2019, having served on the Company’s Audit Committee and as the Chairman of its Underwriting and Risk Committee, and has been former CEO of Ace/Chubb Tempest Re Group and former Group Chief Underwriting Officer of Chubb Ltd.
Commenting on Mr. Bonneau’s appointment, Brian Dowd, independent Chairman of the PartnerRe Board of Directors, said, “We’re delighted that Jacques is assuming the role of CEO of PartnerRe. He brings over 40 years of experience in our industry, a strong track record in reinsurance underwriting and deep knowledge of our clients and brokers. He also has detailed knowledge and insight of PartnerRe’s people and business gained over the past two years as a valued colleague on our Board.”
“On behalf of the Board, I would like to express our gratitude and appreciation to Emmanuel for his achievements over the past 4 years as President and CEO,” he added. “Under his leadership, PartnerRe has been able to smoothly transition under EXOR ownership and the company’s business and strategic positioning have been strengthened in important ways. Emmanuel has been a very dedicated and strong leader and we wish him all the best in his future endeavours.”
Mr. Clarke (below) said: “I am proud of what we have achieved together with all our colleagues, in substantially advancing the company’s strategic goals. With the progress we’ve made with our non-life portfolio and franchise, in building our life & health platform, and in strengthening the organisation and its talent base, I am confident PartnerRe is very well positioned for future success.”
Mr. Bonneau, who is expected to be based in the underwriter’s Bermuda headquarters, added|: “PartnerRe’s deep technical expertise, strong and diversified non-life portfolio and its high calibre people mean we’re very well placed to benefit from a tightening insurance and reinsurance marketplace across many lines. Our life and health operations are growing well and profitably, and we’re committed to continuing our investments in this platform. With our solid balance sheet and the strength of our relationships with brokers and clients, I’m truly excited about the great opportunities we have in front of us and at the prospect of building an even stronger PartnerRe.”