PEMBROKE, Bermuda–(BUSINESS WIRE)– PartnerRe Ltd. (NYSE:PRE) today announced that Chairatch Phrompechrut has been appointed to the position of Head of Strategic Ventures. Mr. Phrompechrut will report to Marvin Pestcoe, CEO Life, Health and Strategic Ventures. In this position, Mr. Phrompechrut will lead the effort to pursue investments in business development opportunities and partnerships.
Mr. Phrompechrut joined PartnerRe in 2008 and has held several positions in the company’s investment function, most recently as Head of Private Equity.
Commenting on Mr Phrompechrut’s appointment, Mr. Pestcoe said, “I am very pleased to appoint Chai to Head of Strategic Ventures. I am confident that under Chai’s leadership the Strategic Ventures group will be successful in giving PartnerRe access to new attractive business opportunities.”
PartnerRe Ltd. is a leading global reinsurer, providing multi-line reinsurance to insurance companies. The Company, through its wholly owned subsidiaries, also offers capital markets 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, multi-line and other lines in its Non-life operations, mortality, longevity and accident and health in its Life and Health operations, and alternative risk products. For the year ended December 31, 2014, total revenues were $6.5 billion. At September 30, 2015, total assets were $22.0 billion, total capital was $7.6 billion and total shareholders’ equity attributable to PartnerRe was $6.8 billion.
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Source: PartnerRe Ltd.