July 10, 2019
PEMBROKE, Bermuda, July 10, 2019 – PartnerRe Ltd. (“PartnerRe”) announced today that Chris Shanahan has been appointed President of its US Life operations effective July 1, 2019.
Mr. Shanahan joined PartnerRe in May 2018 as Executive Vice President, Corporate Development, North America Life, where he led the development and advancement of strategy for PartnerRe’s US life reinsurance business. In his new role, he will assume overall accountability for PartnerRe’s US life reinsurance business, reporting to Alan Ryder, CEO North America Life & Head of Capabilities Development.
“This is a key role and represents the next step in our strategy to better develop our presence in the US market,” said Mr. Ryder. “It follows the recent appointments of several key business leaders, and we are confident that Chris and our growing US Life team will be able to fulfill our goal of becoming a valued partner to our clients. We wish Chris every success in his new role.”
Mr. Shanahan has extensive experience in life reinsurance and has spent the majority of his 25-year career in the industry. Prior to joining PartnerRe, he was Executive Vice President, Mortality Solutions and Corporate Marketing at Hannover Re in the US where he had overall responsibility for managing the traditional life reinsurance business, including business development, operations and marketing.
Mr. Shanahan is based in PartnerRe’s Charlotte office. He is a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries.
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, 2018, total revenues were $5.6 billion. At March 31, 2019, total assets were $24.0 billion, total capital was $8.4 billion and total shareholders’ equity was $7.0 billion. PartnerRe enjoys 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