Thank You
PartnerRe continues to evolve as an organization, partly as a result of growth and partly due to natural retirements within our employee base. By the end of 2008, three of our most accomplished and respected people had decided that they wanted to more fully experience life outside of a reinsurance company and announced their retirement: Kurt Angst, John Davidson and Scott Moore.
All three built their operations virtually from scratch and managed them into profitable, mature businesses. Kurt Angst, Head of Specialty Lines, Global, and underwriter extraordinaire, played a critical role in building the four Global business units and our worldwide reinsurance system. John Davidson, Chief Economist, Capital Markets and chief investment officer since 2002, built our internal investment capability and brought virtually all of our invested assets under in-house management.
Scott Moore joined PartnerRe as a member of the Company’s original executive team in 1993 and since that time has made a huge contribution to the successful growth and profitability of the whole PartnerRe organization, first as founding CFO and then as President and CEO of PartnerRe U.S. for 10 years. Scott has been a valuable member of the Group Executive Committee, providing guidance and counsel to me and my executive colleagues.
PartnerRe owes Kurt, John and Scott an enormous debt of gratitude for helping to make the Company what it is today. We wish them well and, while we have excellent replacements for them, we will miss them personally and professionally.
Finally, I wish to thank all our employees, who worked so hard and who made such good decisions in 2008. Without them, there would be no PartnerRe.
Patrick Thiele
President and Chief Executive Officer