October 22, 2020
PEMBROKE, Bermuda, October 22, 2020 – PartnerRe Ltd. announced today that Andrew Hughes will join PartnerRe in the new role of CEO, Third Party Capital, subject to immigration approval.
Mr. Hughes will be responsible for further developing and growing PartnerRe’s third-party capital initiatives. He will be based in Bermuda and will report to PartnerRe’s President and CEO Jacques Bonneau, as a member of the Company’s Executive Leadership Team.
Mr. Hughes joins PartnerRe from Hiscox ILS, where he has held the role of Managing Principal since July 2019 and, prior to that, General Counsel and Chief Compliance Officer since 2015. Before joining Hiscox ILS, Andrew was Senior Counsel for QIC Limited in Queensland, Australia, a diversified alternatives asset manager.
Commenting on Mr. Hughes’ appointment, Mr. Bonneau said, “Growing our third-party capital platform is an important strategic initiative for our Company. We are committed to further developing our current platform to provide aligned insurance-linked investment solutions for institutional investor clients leveraging our deep underwriting and distribution capabilities. Growing this aligned capability will allow us to continue to develop and strengthen our relationships with our insurance clients and brokers.”
Mr. Bonneau continued, “Andrew’s experience and track record in capital raising, structured finance, alternative investment assets, ILS operations, and governance, along with his broad network of contacts will bring the added strength needed to continue to build our strengths in this important area.”
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 the Company’s three segments: P&C, Specialty, and Life and Health. For the year ended December 31, 2019, total revenues were $7.9 billion. At June 30, 2020, total assets were $25.2 billion, total capital was $8.3 billion and total shareholders’ equity was $6.9 billion. PartnerRe maintains strong financial strength ratings as follows: A.M. Best A+ / Moody’s A1 / Standard & Poor’s A+.
|Media Contact: Celia Powell|
Investor Contact: Ryan Lipschutz