PEMBROKE, Bermuda, September 9, 2016 – PartnerRe Ltd. today announced that, subject to regulatory approval, James Beedle will be appointed to the position of Head of Asia-Pacific & CEO of Partner Reinsurance Asia Pte. Ltd., to head up PartnerRe’s business operations in that region. He will take up his position on January 1, 2017 replacing outgoing Head of Asia-Pacific, Alain Flandrin, who will leave the Company after a short transition period to pursue other personal and professional interests.
Mr. Beedle will be responsible for leading the development of PartnerRe’s business in Asia-Pacific, responding to the needs of clients, and advancing the Company’s strategic goals. He will report to Tad Walker, CEO of PartnerRe’s Property and Casualty segment and Group Executive Committee member.
Commenting on Mr. Beedle’s appointment, Mr. Walker said, “We are delighted to welcome James to PartnerRe. James has an impressive track record in the Asia-Pacific region. His established client relationships, his understanding of the challenges our clients face, and his proven success in building teams and franchises will all be extremely helpful to PartnerRe as we further develop our business in this strategically important region.
“At the same time, we would like to thank Alain for his immense contribution to PartnerRe over the years and wish him all the best in his future endeavors. During his 14 years at PartnerRe, Alain has played an important leadership role in our organization globally, as Head of P&C Global and more recently in Asia-Pacific, developing PartnerRe’s presence and building relationships in this strategically important area.”
Mr. Beedle comes to PartnerRe from Willis Re where he was Senior Managing Director of Willis Re Asia-Pacific based in Singapore. He has extensive experience in the Asia-Pacific region first as COO of Willis Re Australia, and then as CEO of Willis Re Japan. In his most recent position, his responsibilities extended from Japan to Indonesia, covering Australia, New Zealand, China, Korea, Taiwan, Malaysia, Thailand, Philippines, Vietnam, Singapore and Brunei.
In his new role, Mr. Beedle will continue to be based in Singapore.
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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