Finance and Actuarial

Aligned with Group organizational structure, along Group and business unit lines, to ensure appropriate financial controls and maximize shareholder returns, while minimizing financial risk.

• Ensure appropriate control environment
• Asset/liability management across the Group
• Group-wide capital allocation
• Financial performance measurement
• Financial reporting
• Actuarial reserving
• Tax analysis and planning

Responsible for the Group’s fiduciary and control functions; transactional accounting and processing; external reporting; decision support; actuarial analysis and reserving; planning; risk management and treasury; rating agencies and investor relations.

Support

Aligned with Group organizational structure, along Group and business unit lines:

• Group roles include strategic planning, policy and control.
• Business unit roles focus on execution and operational support.

Human Resources: Attract, develop and retain talent in the organization.

Information Technology: Provide effective information technology tools worldwide.

Legal and Compliance: Provide legal advice to all business units and group functions and ensure compliance with all legal and regulatory requirements.

Corporate Communications: Ensure consistent understanding of messages and information internally and externally.

Internal Audit: Provide internal control and risk assurance services, as well as Sarbanes-Oxley compliance testing.

Responsible for ensuring that all support requirements – Human Resources, Information Technology, Legal and Compliance, Corporate Communications, Internal Audit – are met on a Group and local basis.

Standard Lines

Organized into four departments by market segment or line of business:

• Property
• Casualty
• Regional Multiline
• Structured Risk

National and regional insurance companies, as well as E&S property divisions.

Traditional and structured reinsurance solutions and services are provided to clients through reinsurance intermediaries.

• Property: E&S, specialty property, standard property, builders risk, pro-rata and excess of loss.
• Casualty: Supported umbrella, workers compensation, auto liability, general liability, clash, personal liability.
• Regional Multiline: All standard property and casualty lines of business for companies with surplus less than $300 million.
• Structured Risk: Prospective aggregate stop loss, LPT/adverse development covers, and single or multi-year structured programs.

Specialty Lines

Organized by line of business serving U.S. and Canadian clients:

• Specialty Casualty
• Surety and Fidelity
• Space

Leading property and casualty insurance companies within the U.S. market, specifically:

• Specialty Casualty: Specialty U.S. carriers or dedicated departments within large U.S. companies underwriting in their areas of expertise.
• Surety and Fidelity: Regional and national companies.
• Space: Satellite manufacturing, satellite launch and satellite operations companies.

Products and services are provided through reinsurance intermediaries, and through retail brokers for space business only.

• Specialty Casualty: Directors and officers liability, professional liability, umbrella, E&S, excess casualty, medical malpractice, hospital professional liability, environmental, miscellaneous E&O, workers compensation, fiduciary, governmental entity, clash, EPLI.
• Surety and Fidelity: Pro-rata and excess of loss.
• Space: Launch and initial operations as well as in-orbit coverage.

Managed Programs

Organized by line of business serving U.S. and Canadian clients.

Leading property and casualty companies/groups and associations within the U.S. and Canadian markets.

Products and services are provided through reinsurance intermediaries.

• Agriculture
• Programs Business
• Risk Retention Groups
• Terrorism

Canada

Organized around clients in the Canadian market.

• Agriculture
• Program Business
• Structured Risk
• Surety and Fidelity
• Terrorism

National and regional insurance companies in Canada.

Traditional reinsurance solutions and services are provided to clients directly and through reinsurance intermediaries.

• Automobile
• Casualty
• Multiline (All Classes)
• Property
• Specialty Casualty: Products Liability, Professional Liability, Medical Malpractice, D&O.

Property & Casualty

Organized into four departments along geographic lines:

• Latin America, Turkey, Greece, Cyprus, Israel, Middle East, Africa
• Asia-Pacific, India
• U.K., Ireland, France, Benelux, Southern Europe
• Northern, Central and Eastern Europe, and Russia, including CIS countries.

Regional, national and international insurance companies and pools in all geographic markets, excluding U.S and Canada.

Traditional and structured reinsurance solutions and services are provided to clients directly and through reinsurance intermediaries.

• Property
• General Liability
• Employers Liability
• Workers Compensation
• Personal Accident
• Motor

Specialty

Organized into eight departments by client or line of business:

• Agriculture
• Aviation / Space
• Credit / Surety
• Energy Onshore
• Engineering
• Marine / Energy Offshore
• Specialty Casualty
• Special Risks

Regional, national, international and monoline insurance companies, pools and captives worldwide for Aviation/Space, Credit, Energy Onshore, Engineering, Marine/Energy Offshore. All other lines exclude business from U.S. and Canadian clients.

Traditional and structured reinsurance solutions and services are provided to clients directly and through reinsurance intermediaries.

• Agriculture: Crop hail, MPCI, aquaculture, forestry, bloodstock, livestock, index covers.
• Aviation/Space: Airlines, manufacturers, airport operators, general aviation, space.
• Credit/Surety: Domestic and export credit, surety bonds, political risk.
• Energy Onshore: Onshore oil and gas operations, mining, power generation.
• Engineering: Construction/ erection, delay in start-up, boiler/machinery, business interruption.
• Marine/Energy Offshore: Hull, cargo, specie, marine liabilities, loss of hire, P&I, energy offshore.
• Specialty Casualty: Products liability, professional liability, medical malpractice, D&O.
• Special Risks: Global property accounts, direct and facultative reinsurance, nuclear pools, terrorism covers

Catastrophe

One worldwide business unit managing underwriting and research operations, and organized in three locations:

• Bermuda
• Paris
• Zurich

Regional, national and international insurance companies, pools and captives in all geographic markets.

Non-traditional business clients include individual corporations.

Traditional reinsurance and insurance-linked securities solutions and services are provided to clients directly and through reinsurance intermediaries. Services include proprietary modeling of natural hazards such as windstorm and earthquake.

• Natural perils
• Catastrophe bonds
• Industry loss warranties
• Advanced research and event modeling using our own CatFocus® proprietary and vendor models for tropical storms, earthquakes and European windstorm.

Life

One business unit organized into five departments by line of business and geography:

• U.K. and Ireland
• France, Canada, Northern and Southern Europe
• Central and Eastern Europe
• Asia, Spain, Portugal and Latin America
• Longevity

Life insurance companies in Europe, Canada, Asia and Latin America.

Traditional reinsurance and insurance-linked securities solutions and services are provided to clients directly and through reinsurance intermediaries. Services include support on existing products and assistance in the development of new products such as impaired life annuities, long-term-care products or mortality.

• Mortality and Morbidity risks
• Longevity risks

Facultative

Organized into five departments by client or line of business:

• Energy
• Engineering
• Property Americas
• Property Europe and Asia
• Global Property Accounts

Regional, national, international and monoline insurance companies worldwide.

Reinsurance solutions and services are provided to clients directly and through reinsurance intermediaries.

• Energy: Onshore and offshore oil and gas operations.
• Engineering: Construction/ erection, delay in start-up, boiler/machinery, business interruption, civil engineering completed risks and electronic equipment.
• Property: Property damage, business interruption, power generation, mining.
• Sports, Leisure and Entertainment: Contingency, cancellation of event, prize indemnity and personal accident for athletes.

Organized into two business units and backed by a common risk management and operations support function:

Fixed Income

• U.S. Treasury
• European Governments
• U.S. Credit
• European Credit
• U.S. Mortgage-backed Securities
• Asset-backed Securities

Capital Assets

• Public Equity
• Principal Finance
• Insurance-linked Securities

• Strategic investments
• Identify, analyze and assume capital markets risks.
• Preserve liquidity and protection of capital.
• Generate investment income and capital gains.
• Diversify across asset risk classes and geographies.
• Leverage investment skills to capitalize on convergence of reinsurance and capital markets.

Responsible for the assumption and management of PartnerRe’s capital markets risks, including our investment portfolio and alternative risk products worldwide, with an approach that distinguishes between funds that support our reinsurance operations and those that represent the investment of our shareholders’ capital.