PEMBROKE, Bermuda, September 23, 2016 – PartnerRe Ltd. today announced that Marcos Fugise has been appointed as Head of PartnerRe Brazil and the new representative of PartnerRe’s office in São Paulo, pending regulatory approval. He succeeds outgoing Head of PartnerRe Brazil, David Preti, effective September 21, 2016, who has requested to return to Europe for personal reasons.
In his new role, Mr. Fugise will develop PartnerRe’s portfolio across all lines of business in Brazil. He will also support our clients throughout the region especially for PartnerRe’s casualty lines of business.
Commenting on Mr. Fugise’s appointment, Tad Walker, CEO of PartnerRe’s Property and Casualty segment and Group Executive Committee member, said, “Latin America is an important market for PartnerRe. Marcos will deepen our understanding of the market dynamics in that region and the specific challenges that our clients face. As a Brazilian with more than 18 years’ experience in the insurance and reinsurance market in Latin America, Marcos will be able to leverage his considerable experience and knowledge of the market to bring value to our clients.
“I would also like to thank David who is returning to Europe after many years as our Brazil representative for his outstanding work in the region. Over the years, he has worked hard to build PartnerRe’s reputation as a leading reinsurer in those markets and we would like to thank him for his important contribution.”
Mr. Fugise comes to PartnerRe from AIG where he was Statutory Director of AIG Reinsurance Brazil S.A., responsible for treaty and facultative contracts across all business lines. Prior to that, he was Commercial and Technical Director AIG Seguros, where he managed AIG’s commercial lines including Casualty, Environmental, Financial Lines, Property, Surety, Trade Credit, Marine, Energy, Small Business Solutions and Aviation.
In his new role, Mr. Fugise will be based in PartnerRe’s São Paulo office and will report to the Head of P&C Latin America and MEAR, PartnerRe, Salvatore Orlando.
PartnerRe Ltd. is a leading global reinsurer that helps insurance companies reduce their earnings volatility, strengthen their capital and grow their businesses through reinsurance solutions. Risks are underwritten on a worldwide basis through PartnerRe’s three business segments: Property & Casualty, Specialty Lines and Life & Health. For the year ended December 31, 2015, total revenues were $5.4 billion. At June 30, 2016, total assets were $22.4 billion, total capital was $7.8 billion and total shareholders’ equity attributable to PartnerRe was $7.0 billion. PartnerRe enjoys strong financial strength ratings as follows: A.M. Best A / Moody’s A1 / Standard & Poor’s A+ / Fitch A+.
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