PEMBROKE, Bermuda, April 16 /PRNewswire-FirstCall/ -- PartnerRe Ltd.
(NYSE: PRE) today announced a number of management changes in the Group's U.S.
and worldwide catastrophe reinsurance underwriting operations.
Robin Williams, Executive Vice President and Chief Underwriting Officer of
PartnerRe U.S., has advised the Company of her decision to retire in 2008.
Effective July 2007, Tad Walker will succeed Ms. Williams as Executive
Vice President and Chief Underwriting Officer of PartnerRe U.S., reporting
directly to Scott Moore, President and CEO of PartnerRe U.S. Mr. Walker is
currently Head of PartnerRe's Catastrophe business unit. Ms. Williams will
remain with the Company until the end of 2008 and will work closely with Mr.
Walker on the transition. Mr. Walker has led the worldwide catastrophe
underwriting operations and has been a member of the executive management team
for PartnerRe Global since 2002, when he joined the Company.
Scott Moore, President and CEO of PartnerRe U.S. said, "Robin has made a
significant contribution to the growth and development of the PartnerRe U.S.
organization. Robin joined the Company in the fall of 2000 and under her
leadership the PartnerRe U.S. underwriting operation has developed significant
capabilities across all lines of business and built a well balanced,
diversified book of business, with premium writings of US$1 billion. She has
been instrumental in building a "best of class" underwriting department that
will carry the Company into the future. I thank Robin for her contribution and
welcome her commitment for continued support through the transition."
He continued, "We are delighted with Tad's move to the US. Tad will
provide a seamless transition for our U.S. underwriting team. With his
underwriting and operational experience and strong leadership skills, he will
continue the tradition of excellence in the U.S. organization."
Also effective July 2007, Ted Dziurman, currently responsible for
Corporate Development for PartnerRe Global, will assume the role of Head of
Catastrophe and will report directly to Bruno Meyenhofer, CEO PartnerRe
Global. Mr. Dziurman, who has broad executive and leadership experience from
the insurance and reinsurance industry, joined PartnerRe in 2004. Since that
time, he has supported the executive and senior management in several
strategic initiatives.
Bruno Meyenhofer, CEO PartnerRe Global commented, "Ted is a good fit for
our catastrophe business unit. His strong operational background and extensive
knowledge of the reinsurance market position him well to lead our talented
team of catastrophe underwriters."
He continued, "Tad Walker has been an important member of the Global
executive management team, and has contributed significantly to the
development of our Catastrophe business unit over the past five years. I want
to thank him and congratulate him on his new position."
Patrick Thiele, President and CEO PartnerRe Ltd. concluded, "I'm pleased
with the ability of the organization to deal with the normal transitions that
we face in terms of management positions. I'm confident that our clients will
see no change in our approach to the market and to them."
PartnerRe Ltd. is a leading global reinsurer, providing multi-line
reinsurance to insurance companies. The Company also offers alternative risk
products that include weather and credit protection to financial, industrial
and service companies. Risks reinsured include property, casualty, motor,
agriculture, aviation/space, catastrophe, credit/surety, engineering, energy,
marine, specialty property, specialty casualty, other lines, life/annuity and
health, and alternative risk products. For the year ended December 31, 2006,
total revenues were $4.2 billion, total assets were $14.9 billion, total
capital was $4.7 billion and total shareholders' equity was $3.8 billion.
PartnerRe on the Internet: http://www.partnerre.com
SOURCE PartnerRe Ltd.
-0- 04/16/2007
/CONTACT: Robin Sidders, Investor Relations, Celia Powell, Corporate
Communications, PartnerRe, +1-441-292-0888; Drew Brown, Hallie Bozzi, Sard
Verbinnen & Co, +1-212-687-8080 /
/Web site: http://www.partnerre.com /
(PRE)
CO: PartnerRe Ltd.
ST: Bermuda
IN: INS FIN
SU: PER
BC-DL
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7141 04/16/2007 16:05 EDT http://www.prnewswire.com